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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AIR STRIKES DESTROY SUSPECTED IED FACTORY AT GRAZAH IN THE MANDARA MOUNTAINS. (PHOTOS). #PRESS RELEASE.

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 AIR STRIKES DESTROY SUSPECTED IED FACTORY AT GRAZAH IN THE MANDARA MOUNTAINS



Concerned by recent attacks especially on innocent civilians in Borno State using Improvised Explosive Devices (IED) and suicide bombers and in a bid to achieve the mandate of the Air Component of Operation Hadin Kai, air strikes were conducted on terrorists’ enclaves at Grazah, a location deep in the Mandara Hills, on 2 August 2024. This was sequel to intelligence revealing the sighting of a possible IED factory and storage area for other logistics. For some time now, this IED factory was suspected to have been relocated, first from Gwoza to Timbuktu Triangle in Sambisa Forest and finally berthing at Grazah in the Mandara Hills. The frequent relocation of the IED factory has been attributed to the enormous fire power on terrorists’ enclaves by the combined efforts of the entire security apparatus of Operation Hadin Kai. 


The IED factory location at Grazah had been under surveillance for weeks with various installations observed and activities of armed terrorists in the area found to be consistent with those protecting a strategic location. Additionally, 2-gun trucks were sighted tucked under a large tree near the suspected IED factory. These findings thus necessited the need for an air strike on the location in order to destroy the suspected IED factory and neutralize the terrorists. Consequently, the targets were acquired and effectively destroyed. 


The aftermath of the air strikes followed by a thick cloud of smoke was indicative that the suspected IED factory, as well as the 2-gun trucks, were effectively destroyed, while several terrorists were neutralized.


Edward Gabkwet 

Air Vice Marshal 

Director of Public Relations and Information 

Nigerian Air Force 


8 August 2024.

More photos below. 






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