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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281 INMATES MISSING FROM MAIDUGURI PRISON- NCOS. (PHOTO).

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The Nigerian Correctional Service (NCoS) has declared 281 inmates missing after evacuation of inmates by officers of the service with support from sister security agencies to a safe and secure facility.


This is contained in a statement issued by the Service Public Relations Officer (SPRO, Mr Abubakar Umar on Sunday in Abuja.


The NCoS also said that seven other inmates had been recaptured.


Umar said that the service was in custody of the details of the missing inmates, including their biometrics.


“The flood brought down the walls of the correctional facilities, including the medium security custodial centre Maiduguri (MSCC) as well as the staff quarters in the City.


“Upon the evacuation of inmates by officers of the service with support from sister security agencies to a safe and secure facility, 281 inmates were observed to be missing.


“However, it is important to note that the service is in custody of their details, including their biometrics, which is being made available to the public.


“The service is working in synergy with other security agencies as both covert and overt deployments have been activated to look out for them.


“Presently, a total of seven (7) inmates have been recaptured and returned to custody, while efforts are on ground to track down the rest and bring them back to safe custody.


“While this effort is on, the public is assured that the incidence does not impede or affect public safety”he said.

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