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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3 FEARED KILLED AS PROTEST TURNS VIOLENT IN KADUNA. (PHOTO).

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 3 Feared Killed As Protest Turns Violent In Kaduna


The peaceful protest against bad governance has turned violent in Kaduna on Thursday, leaving no fewer than 3 youths dead and many other protesters injured.


Eye witness said the number of protesters mostly youths and the unemployed, which had outnumbered the security operatives, marched from the Rigasa area and from the Abakwa end, towards the Sir Kashim Ibrahim House, the official residence and office of the state Governor.


The surviving protester who craved anonymity, said ” we were matching peacefully and no one was carrying any offensive weapon. “


“I think the security operatives near the Government House were threatened by our large number.


Suddenly, a vehicle, that they use in spraying hot water on protesters, came speeding towards us from the Government House axis and sprayed us with hot water, then another security vehicle came on speed from the 44 Reference Hospital end.”


” In the confusion that ensued and as we scampered to save ourselves from being hit by the security vehicles, 3 peaceful protesters were hit and they died. No one carried any weapon, we were just carrying placards and chanted slogans against bad governance,” he said.


Meanwhile, report indicated that the office of the Kaduna State Traffic Agency ( KASTLEA) was touched by the protesters.


Major streets in the state capital were deserted, markets and shops closed due to fear the protest might be hijacked by hoodlums.


Combat ready  policemen and other security operatives were stationed at potential flashpoints to forestall any eventuality.


Citizens, majority of who embarked on panic buying of foodstuffs and other essentials the previous day, had remained indoors and monitored happenings on local radio and television.


Schools and other vocational training institutions, also remained closed. There was no response from the Police as at press time, but only a clarification  that the personnel deployed were 2,500 and not 25,000 as was earlier reported  .

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