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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FUBARA SWEARS IN SAM ANYA, FOUR OTHERS AS NEW COMMISSIONERS, TWO SAs. (PHOTO).

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 Fubara Swears In Sam Anya, Four Others As New Commissioners, Two SAs


Rivers State Governor, Siminalayi Fubara, has worn in five new commissioners and two special advisers at the executive chambers of the Government House in Port Harcourt.


Addressing the newly appointed officials on Wednesday, the governor urged them to refrain from responding, either verbally or through actions, to the provocations of his political opponents.


He said the intention of his opponents is to divert his administration’s focus from achieving its set goals, saying it is important to maintain focus and dedication to the administration’s objectives.


To Fubara, the appointments are made to better equip the cabinet to deliver on its promises to the people of Rivers State.


He said in the end, the people of the state who are interested in seeing results would not be bothered about how many court judgments secured or the number of protests on the streets.


Governor Fubara expressed his appreciation for the dedication of the appointees, particularly their commitment to standing for truth and justice in their respective localities.


The newly appointed commissioners were screened and confirmed by the Rivers State House of Assembly, led by Victor Oko-Jumbo on Tuesday.


One of the newly sworn-in commissioners, Samuel Anya, from Abia State was the Governor’s adviser on non-indigenes in Rivers State.


Governor Fubara specifically tasked Anya with the responsibility of promoting unity among residents from various parts of the country.


Other Commissioners are Ilamu Arugu, Rowland Obed-Whyte, Samuel Eyiba and Austin Emeka Nnadozie.


The Special Advisers are Achor Nna, a former Councillor in Nyesom Wike’s ward who resigned as the Leader of Obio/Akpor Legislative Assembly in March and Forgiven Amachree, a former chieftain of the All Progressives Congress.

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