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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LET'S TALK, SHUN HARDSHIP PROTEST, WIKE BEGS YOUTHS. (PHOTO).

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 Let’s Talk, Shun Hardship Protest, Wike Begs Youths 


Minister of the Federal Capital Territory (FCT) Nyesom Wike has appealed to youths in the nation’s capital not to join the planned August #EndBadGovernance protest against hardship and economic woes.


The former Rivers State governor had last week said the FCT was not available for any protest, attracting a barrage of strong reactions from youths who vowed to stage a rally at Eagle Square come next month.


However, the minister appeared to be soft-pedalling at a town hall meeting with youth stakeholders in the Bwari Area Council of the FCT on Monday when he urged them to talk about their grievances and shelve the planned nationwide protest.


Area council chairmen, traditional rulers, religious bodies, representatives of women and youth groups were present at the meeting.


In his welcome remarks, the FCT minister appreciated those present at the town hall for embracing dialogue, even as he maintained that President Bola Tinubu continues to do his best to move the nation forward.


On infrastructure development, Wike announced the President’s approval to create a youth secretariat in the FCT Administration (FCTA) and police stations in each area council in the nation’s capital.


He called on youths in all the area councils to shun the protest and embrace dialogue, assuring them that things will get better soon. 

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