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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APC JUST IGNORED EL-RUFAI DESPITE HIS BRAIN - JOE IGBOKWE.(PHOTO).

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 APC just ignored El-Rufai despite his brain – Joe Igbokwe

A chieftain of the All Progressives Congress, APC, Joe Igbokwe has faulted the party over its attitude towards former Kaduna State governor, Nasir El-Rufai.


Igbokwe lamented that APC just ignored El-Rufai without thinking of how the party got to its current level.


Posting on his Facebook page, Igbokwe described the former governor as a fearless leader, key player and organizer.


Igbokwe said: “I do not know why the leadership of APC Nigeria thinks that a scholar with huge brain, a bold thinker, a fearless leader, a facilitator, a key player, a team player, organizer like Mallam El-Rufai can just be ignored as if we do not know how we got here.”


El-Rufai, a founding father of the APC, has been sidelined since President Bola Tinubu assumed office.


Tinubu had nominated El-Rufai for a ministerial role but the Senate failed to clear him.


El-Rufai’s successor, Governor Sani Uba’s administration had instituted a probe against him over alleged misappropriation of funds while in office.

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