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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PROTESTS IN RIVERS HIJACKED BY HOODLUMS -POLICE. (PHOTO).

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 Protests in Rivers hijacked by hoodlums – Police


The Rivers State Police Command has issued a stern warning against any further breaches of peace or unlawful activities by protesters in the state, stating that decisive action will be taken to restore order and ensure the safety of all residents.


In a statement on Wednesday, the Command acknowledged that the ongoing protests in the state have been hijacked by hoodlums, leading to criminal activities.


The statement, signed by the Command’s Public Relations Officer, SP Grace Iringe-Koko, noted that the original organizers have lost control of the crowd.


The so-called protesters have begun harassing residents who are going about their lawful business.


The statement detailed that “protesters have been disrupting traffic flow, forcing passersby to attach leaflets to their vehicles, erecting canopies on main roads, destroying billboards, threatening traders to cease operations, and setting tires ablaze on roads, actions that are inconsistent with a peaceful protest”.


Iringe-Koko advised protesters to confine their activities to designated areas such as Abali Park and Pleasure Park.


The statement warned that any further disturbances will be “firmly resisted, and individuals found breaking the law will be arrested and prosecuted.”


The Police spokesperson, who emphasized that the situation has been overtaken by hoodlums, also urged parents and guardians to control their children and wards.


On Wednesday, hoodlums were said to have attacked peaceful protesters.

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