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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LASEMA RESCUES COMMERCIAL BUS,DRIVER FROM LAGOS DITCH.(PHOTO).

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 LASEMA rescues commercial bus, driver from Lagos ditch


The Lagos State Emergency Management Agency (LASEMA), on Friday, rescued a commercial bus alongside the driver who recklessly swerved into a ditch to avoid the Vehicle Inspection Service (VIS) officials at Obadore along LASU-Isheri road.

The agency’s Permanent Secretary, Dr Olufemi Oke-Osanyintolu, confirmed this in a statement.

Oke-Osanyintolu said that a female sustained a minor injury during the accident.

“The incident happened at Obadore along LASU-Isheri road.

“We activated the state’s emergency response team from Igando base to the accident scene

“Upon arrival at incident scene at about 11.01hrs, it was observed that a commercial bus, with registration number FKJ 870 YG, was involved in a lone accident at the aforementioned location.

“Further investigations revealed that the accident occurred when the vehicle’s driver swerved recklessly in attempts to avoid a VIS checkpoint,” he said.

He added that the reckless driving led to the loss of the vehicle’s control and subsequent falling into a ditch.

“No loss of lives were recorded in the incident. However, an adult female sustained minor injuries in the process.

“The bus was recovered with the help of LASEMA response team, the Lagos State Fire Rescue & Service and the Nigeria Police Force who were all in attendance,” he said.

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