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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SUSPEND #END-BAD-GOVERNANCE PROTESTS NOW, ADEGBORUWA TELLS YOUTHS.(PHOTO).

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 Suspend #EndBadGovernance Protests Now, Adegboruwa Tells Youths


As the #EndBadGovernance nationwide protests enter the second day, human rights lawyer Ebun-Olu Adegboruwa has asked youths to immediately suspend the demonstrations.


“Though the intention of the organisers was to achieve peaceful and well-coordinated protests, it would seem that fifth columnists and some angry persons infiltrated the ranks of the protesters to derail their laudable mission,” he said in a statement on Friday.


“I appeal to the protesters to withdraw themselves from their various protest grounds and to suspend the protests immediately and indefinitely, in order to give room for meaningful dialogue and engagement with the government.


“Given that the protests were said to have been hijacked by sponsored agents, it is necessary to avoid further losses and casualties.


“The organisers of the protests and their representatives should embrace dialogue with the government,” he said.


The lawyer to the Take It Back Movement, one of the groups that organised the protests, regretted some deaths and losses recorded during the demonstrations, saying it was not the goal of the protests.


He expressed his “sincere condolences to the employers and families of the security personnel and also to the protesters, praying to God to comfort them and to grant them the fortitude to bear the irreparable losses”.


The Senior Advocate of Nigeria (SAN) had on the eve of the protests on Wednesday urged the organisers to reduce the 10-day action to one day.


He called on President Bola Tinubu to “directly address the nation and then engage the protesters, through their representatives”.


He said the government should thereafter set up a committee comprising men and women of integrity to meet with the protesters to address the issues that they have raised.

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