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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POLICE NAB OGUN KIDNAPPERS, DISCOVER VICTIMS' SHALLOW GRAVES (PHOTOS).

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Police Nab Ogun Kidnappers, Discover Victims’ Shallow Graves 

The Ogun State Police Command said that it had discovered the shallow graves of 71-year-old farmer Adekunle Ifelaja and Ogunyemi Femi, who were allegedly killed by suspected kidnappers in the Ijebu-Igbo area of Ogun State.

This follows the arrest of two members of a seven-person criminal gang, Chukwuma Bartholomew and Igwe Monday, who are believed to be responsible for the abductions and murders of the victims.

The state command spokesperson, Omolola Odutola, informed our correspondent on Saturday that the arrest occurred just five days after the anti-kidnapping squad killed two suspected kidnappers in a gunfight and rescued several victims, including Indian nationals.

Regarding the exhumation of the deceased’s bodies, Odutola stated that the suspects, after confessing to the crime during interrogation, led the Commissioner of Police, Abiodun Alamutu, and the anti-kidnapping squad to the forest in Ijebu-Igbo.

She said, “They are responsible for kidnappings and abductions that have been recorded in the Ijebu-Igbo area. They kidnapped their victims, demanded ransom from their family members, and then killed them.

“They then took them to a forest in Ijebu-Igbo, where they dug a shallow grave and buried them. They were arrested by our anti-kidnapping squad after a thorough investigation, which led the team to the hideouts of the criminals on June 28, 2024, in Ijebu-Igbo.

“After their confession, the suspects took the CP and members of the anti-kidnapping units to the forest where they buried the victims to exhume the corpses.”.
More photos below. 



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