SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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LAGOS ARRESTS CONCRETE BARRIER VANDAL IN OGUDU. (PHOTO).

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 Lagos arrests concrete barrier vandal in Ogudu


A suspected vandal, Jeremiah Nwakoba, has been arrested for vandalising the iron reinforcement in the concrete barrier demarcating the Ogudu Garden Valley scheme from System One Channel (Odo Iya Alaro), in the Ogudu area of Lagos State. 


The suspect confessed that he engaged in the act before with some accomplices who are on the run.


He stated that he usually sells the vandalised iron at giveaway amounts to mobile scrap buyers.


He has however, been handed over to police operatives of Ojota Police station for further investigation and prosecution.


The concrete barrier which demarcates Ogudu Garden Valley scheme from System One Channel (Odo Iya Alaro) was constructed in 2011 and is a vital infrastructure for the state drainage system.

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