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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EFCC ARRESTS 44 SUSPECTED INTERNET FRAUDSTERS IN KWARA. (PHOTO). #PRESS RELEASE.

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 EFCC Arrests 44 Suspected Internet Fraudsters in Kwara


Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested Forty-four (44) suspected internet fraudsters at different locations in Ilorin, Kwara State.


They were arrested on Friday September 6, 2024 at Sango, Kulende, Taxaco and Harmony Estate,  all in Ilorin,  following credible intelligence over their alleged involvement internet- related offences.


Items recovered from them include 6 different brands of exotic cars, laptops, smart phones and charms.


The suspects would be charged to court upon the conclusion of  investigations.


The Ilorin Directorate arrested 56 suspected internet fraudsters only two days ago


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