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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EKSU ASUU RAISES ALARM AS ABDUCTED EX-DVC SPENDS OVER 2 WEEKS IN CAPTIVITY. (PHOTO).

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 EKSU ASUU raises alarm as abducted ex-DVC spends over 2 weeks in captivity


The leadership of the Academic Staff Union of Universities, ASUU, Ekiti State University, Ado Ekiti Branch, has expressed concern over the refusal of the abductors of a former Deputy Vice Chancellor, Academic, of the university, Prof. Femi Olaofe, to release him two weeks after he was kidnapped.


In a statement in Ado Ekiti, ASUU Chairman, Professor Sola Afolayan, said the union and the university community are deeply concerned and worried about the well-being of the octogenarian who has been held hostage for more than two weeks.


Afolayan condemned the abduction of the octogenarian whom he said had served his father land meritoriously and made meaningful impact.


The ASUU chairman appealed to the abductors to release him unhurt.


He called on government and the security agencies in the state to step up their rescue mission and bring back the former DVC hale and hearty.


Afolayan said, “We are not happy and comfortable that the old man is still being held captive after two weeks, there is no justification for his abduction and that is why we urge the abductors to please let him off the hook.”

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