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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S. A: 72-YEAR-OLD LANDLORD SHOT AND KILLED HIS TENANT ON SUNDAY. (PHOTO).

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 Hartbeespoortdam police and Brits Crime Intelligence acted swiftly to arrest a 72-year-old landlord following an incident wherein he allegedly shot and killed his tenant on Sunday, 22 September 2024, at a plot outside Hartbeespoortdam near Brits.


According to the reports, the 66-year-old tenant approached his landlord when he discovered that there was no electricity and water at his place. Following an argument that ensued between the two, the landlord went inside his house and came back with a firearm and allegedly shot the victim on his upper-body.


The suspect fled from the scene while the victim was transported to the hospital, where he was declared dead on arrival. The suspect was arrested during an intelligence driven operation conducted around the Skeerport area.   The police also recovered a firearm, which will be subjected to ballistic tests. 


The suspect is expected to appear in the Brits Magistrates’ Court on Wednesday, 25 September 2024, for murder.  


Meanwhile, the Provincial Police Commissioner, Lieutenant General Sello Kwena, congratulated the team members for their concerted effort to ensure the arrest of the suspect.


Ends


Enquiries:

Lieutenant Colonel Amanda Funani

082 373 9719

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