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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ATIKU DONATES N100M TO BORNO FLOOD VICTIMS. (PHOTO).

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 Atiku donates N100m to Borno flood victims


Atiku announced the donation on Sunday during a sympathy visit to Governor Babagana Zulum of Borno in Maiduguri.


Atiku prayed for the souls of those who lost their lives and speedy recovery for the injured as well as those who lost their properties.


The former vice president also urged for more support from organisations and philanthropists to the government and people of Borno to facilitate the recovery process.


He also urged for an investigation of the cause of the incident for adequate measures to prevent future occurrences.


 Yobe and Gombe state delegations who visited also announced ₦100m donations each.

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