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...

THUGS CART AWAY GANDUJE'S CORRUPTION TRIAL DOCUMENTS- KANO GOVT. (PHOTO).


 Thugs Cart Away Ganduje’s Corruption Trial Documents – Kano Govt



Following the nationwide protest that turned violent in Kano State, the state government has confirmed that thugs stormed and severely damaged the premises of the Kano State High Court, carting away crucial documents related to corruption charges against the former governor of Kano State, Abdullahi Umar Ganduje.


Kano State Governor, Abba Kabir Yusuf, confirmed this to journalists when he paid a visit to the court for an on-the-spot assessment of the damages.

He was accompanied by the Attorney General and Commissioner of Justice, Haruna Isah Dederi, the Chief Registrar of the High Court, Abdullahi Ado Bayero, and other high-ranking judiciary officials.


In a statement made available to journalists by the governor’s spokesperson, Sanusi Bature Dawakin Tofa, Governor Yusuf described the incident as a “masterminded and stage-managed mission” aimed at disrupting the ongoing corruption cases against Ganduje, who is currently serving as the National Chairman of the All Progressives Congress (APC).


“It is very unfortunate that enemies of Kano State hired undesirable elements to vandalize one of the historic public buildings with a mission of averting corruption charges against the Acting National Chairman of APC and former governor of the state, Dr. Abdullahi Umar Ganduje, his family, and aides,” the statement read.


The vandals reportedly destroyed several units within the High Court, including the office of the state Chief Judge. The damages are estimated to have cost more than one billion naira, as the assailants stole office equipment, destroyed office spaces, and set fire to cars and other materials crucial to the administration of justice.


Governor Yusuf called on the youths of Kano State to refrain from engaging in violence at the behest of detractors, urging them instead to focus on skills acquisition for a better future.


“I urge our youth to resist being used as tools for violence. The future is in your hands, and you should concentrate on skills acquisition for a better tomorrow,” the governor said.


He assured the public that the judiciary, as the last hope of the common man, would be protected at all costs. He directed the immediate rehabilitation of the court building and the deployment of enhanced security measures to ensure effective justice delivery.


“We will not relent in securing the lives and property of the people of Kano State. The judiciary must be protected to ensure justice for all,” he stated.


The governor also expressed his sympathies to the Chief Judge, Dije Abdu Aboki, and the entire judiciary for the unfortunate incident, urging them to remain resilient in their pursuit of justice.

“I commiserate with the Chief Judge and the entire judiciary. We must brace up to cover what was lost in the court proceedings for the benefit of the common man,” he added.


He concluded by thanking the people of Kano for their continued support and cooperation with the current administration, praying for continued peace, stability, prosperity, and economic development of the state.

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