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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CAMEROONIAN PRESIDENT POSTPONES MUNICIPAL ELECTIONS. (PHOTO).

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 Cameroonian president postpones municipal elections


Cameroonian President Paul Biya on Wednesday evening signed a decree postponing municipal elections scheduled for February next year, Xinhua reported.


The decree extended the mandate for current municipal councilors for a year from its expiry date of Feb. 25, 2025 to May 31, 2026.


The decree came barely two weeks after the country's National Assembly, or the lower house of parliament, approved a bill extending the mandate for its current lawmakers for a year.


Biya did not say why the elections have been postponed but officials of the ruling party, Cameroon People Democratic Movement (CPDM), explained that it was part of efforts by the government "to lighten a congested" electoral calendar.


"Cameroon is expected to hold four major elections next year, namely presidential, parliamentary, municipal and regional council elections. This is a real heavy burden. That is why it was necessary to postpone the municipal and parliamentary elections for a better organization of all the four elections throughout 2025 to 2026," CPDM senior official Elvis Ngolle Ngolle told Xinhua.

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