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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EFCC ARRESTS 13 SUSPECTED ILLEGAL MINERS IN ABUJA. (PHOTOS). #PRESS RELEASE.

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 EFCC Arrests 13 Suspected Illegal Miners in Abuja


Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested 13 suspected illegal miners in the Asokoro area of Abuja on Wednesday, July 24, 2024.


The suspects were intercepted and arrested following credible intelligence linking them with transportation of tons of coal and kaolin in five trucks from Nassarawa State to a site in Kaduna State.


The suspects are currently undergoing interrogation and would be charged to court upon conclusion of investigation.

More photos below 









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