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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OHANAEZE NDIGBO PRESIDENT, IWUANYANWU, DIES AT 82.(PHOTO).

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 Ohanaeze Ndigbo President, Iwuanyanwu, Dies At 82


Chief Emmanuel Iwuanyanwu, the President General of an Igbo sociocultural group, Ohanaeze Ndigbo, is dead.


Iwuanyanwu’s death was confirmed in a statement on Thursday by his son, Jide Iwuanyanwu.


The 82-year-old businessman was said to have died on Thursday after a brief illness.


“The Iwuanyanwu family of Umuohii Atta, in Ikeduru Local Government Area of Imo State announces the demise of our patriarch, Engr Chief Emmanuel Chukwuemeka Iwuanyanwu-Ahaejiagamba Ndigbo.


“Chief Iwuanyanwu died on Thursday July 25, 2024 after a brief illness. He was aged 82. Chief Iwuanyanwu before his death was President General of Ohanaeze Ndigbo worldwide and President of Owerri Peoples Assembly,” the statement read.


Iwuanyanwu is survived by his wife, Lady Princess Frances Iwuanyanwu, many children and grandchildren.


The statement stated that the burial details would be announced later by the family after due consultations.

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