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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SOMALIA ELECTED TO UN SECURITY COUNCIL AFTER MORE THAN 50 YEARS. (PHOTO).

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 Somalia elected to UN Security Council after more than 50 years


The United Nations General Assembly has elected Somalia to the 15-member U.N. Security Council for a two-year term starting in 2025.


Somalia was among five countries that received the winning votes, alongside Denmark, Greece, Pakistan, and Panama.


For the first time in more than 50 years, he said, Somalia will have a vote on decisions regarding world conflicts.


Following the news, the United Nations in Somalia congratulated the Somali government and its people "on their country's election today to a seat on the UN Security Council for 2025-2026."


The five countries that got elected Thursday will replace Ecuador, Japan, Malta, Mozambique and Switzerland, whose terms end December 31.


Somali and the other elected new members will join existing non-permanent members Algeria, Guyana, the Republic of Korea, Sierra Leone and Slovenia, whose terms started in January.


The Security Council’s five permanent veto-wielding members are Britain, China, France, Russia and the United States.

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