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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ETHIOPIA LANDSLIDES DEATH TOLL COULD RISE TO 500- UN.(PHOTO).

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 Ethiopia landslides death toll could rise to 500 – UN


The death toll from landslides in Ethiopia earlier this week has risen to 257, and is expected to rise to 500, United Nations Office for the Coordination of Humanitarian Affairs said on Thursday.


The first landslide, triggered by heavy rains in a remote region of Gofa zone, occurred on Monday and was followed by a second one that buried people who had gathered to help.


At least 148 men and 81 women were killed after the disaster struck in the Kencho-Shacha locality in the Gofa Zone on Monday, the local Communications Affairs Department said in a statement.


Five people were pulled alive from the mud and were receiving treatment at medical facilities, the government-owned Ethiopian Broadcasting Corporation (EBC) reported earlier.


Gofa is part of the state known as the Southern Nations, Nationalities and Peoples’ Region (SNNPR), located about 320km (199 miles) southwest of the capital, Addis Ababa.


The state has been battered by the short seasonal rains between April and May that caused flooding and mass displacement, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).


The southern region has experienced landslides previously, with at least 32 people killed in 2018 after two separate incidents within a week of each other.

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