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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IGHODALO WINS AGAIN AS COURT OF APPEAL DISMISSES APPEAL TO DISQUALIFY HIM. (PHOTO).

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Ighodalo Wins Again As Court Of Appeal Dismisses Appeal To Disqualify Him


The Court of Appeal sitting in Abuja on Friday, September 6th, 2024 has again dismissed an Appeal filed by Arthur Osene and Anslem Ojezua against PDP Governorship candidate, Dr. Asue Ighodalo & Four others. 


Delivering Judgement in the Appeal case suit no CA/ABJ/CV/863/2024, Barka JCA held that the lower court was right in holding that the action is statute barred and Where a case is statute barred the court has no jurisdiction to entertain it. 


"Once the constitution provides a time for doing a thing that thing must be done within the time provided. The issue is a pre election matter under s.285(9) of constitution.


The supreme court has held that the cause of action in a pre election matter arises on the day the infraction was made. A calculation here renders the action above the prescribed 14 days." The Court Stated 


Furthermore, the Appellate court also dismissed the allegations of PVC forgery as baseless and lacking in merit without proof.


"The burden of proving forgery is proof beyond reasonable doubt and there is no evidential basis to prove forgery in this case. The lower court finding that forgery has not been proved has not been disputed. The lower court is right that a voters card is not a requirement for qualification to contest the office of Governor" Justice Barka stated 


The Court unanimously resolved all issues against the Appellants and reaffirmed Dr. Asue Ighodalo as the validly nominated Candidate of the Peoples Democractic Party in Edo State ahead of the scheduled September 21st Guber Election.

In addition, the court consequently struck out the Appellants case for lacking in merit and awarded a cost of N3M against the Appellants accordingly.


With these legal hurdles out of the way, the coast is now clear for Asue Ighodalo to contest the forthcoming September Election as the Flag bearer of the People's Democratic Party

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