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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UN SPOKESMAN CONDEMNS SUDAN VILLAGE ATTACK THAT LEFT MORE THAN 100 DEAD. (PHOTO).

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 UN spokesman condemns Sudan village attack that left more than  100 dead


The UN spokesman has condemned a rebel attack on a village in Sudan's Gezira State which killed more than 100 people in Wad Al-Noura by the paramilitary Rapid Support Forces (RSF).


"The resident and humanitarian coordinator, Clementine Nkweta-Salami, expressed her shock at the events," said Stephane Dujarric, chief spokesman for UN Secretary-General Antonio Guterres. "She said that we have received credible reports of heavy gunfire and the use of explosive weapons in populated civilian areas where the RSF have confirmed they have been involved in ground operations."


Dujarric said the special adviser on the prevention of genocide, Alice Nderitu, called for a thorough and impartial investigation to ensure that those responsible are brought to justice.


He also said that the International Organization for Migration warns that the number of people displaced by conflict inside Sudan could top 10 million in the coming days.


"This includes 2.8 million men, women and children that were displaced prior to the start of this phase of the conflict in April 2023, and 7.1 million since that date," Dujarric said. "More than half of all internally displaced people are women and girls, and over a quarter of those displaced are children under 5 years old."

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