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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NAMIBIA OPPOSITION LEADER SAYS HE WILL NOT RECOGNISE VOTE. (PHOTO).

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 Namibia opposition leader says he will not recognise vote


Namibia's top opposition presidential candidate, Panduleni Itula, has said that his party would not recognise the results of a controversially extended election marred by chaos and allegations of foul play, AFP reported.


Speaking just before the close of polls on the final day of voting, Itula, whose Independent Patriots for Change (IPC) is hoping to end 34 years of rule by the South West Africa People's Organisation (SWAPO), said that no matter the result, "the IPC shall not recognise the outcome of that election."


"The rule of law has been grossly violated and we cannot call these elections by any means or measure as free, fair and legitimate," said Itula, who came second in the 2019 vote.


Electoral authorities decided to prolong voting in the presidential and legislative polls, after the original election day – Wednesday – was marred by logistical and technical failures that led to hours-long queues, which some voters eventually abandoned.


Opposition parties have complained about the chaos and alleged voter suppression by the authorities in the face of a strong turnout for the ruling party's rivals.


An organisation of Southern African human rights lawyers serving as election monitors said that the delays at the ballot box were intentional and widespread.


"There were deliberate delays of voting processes in more than 63% of the total polling stations across the country," the lawyers said in a report.


Itula said that the IPC would "fight... to nullify the elections through the processes that are established within our electoral process", calling on Namibia's President Nangolo Mbumba to call a cabinet meeting "to determine exactly what should be done."


Namibia's opposition is hoping to unseat SWAPO, which is facing its toughest challenge ever as disenchanted younger voters across Southern Africa reject traditionally dominant liberation-era parties.


SWAPO has governed Namibia since leading it to independence from apartheid South Africa in 1990, but high youth unemployment and enduring inequalities have eroded its support.


Around 42% of the 1.5 million registered voters are aged under 35.


SWAPO's candidate, Vice President Netumbo Nandi-Ndaitwah, 72, could become the first woman to lead the country if she is elected.


But she is facing a fierce challenge from Itula, who said that Namibia had been "betrayed" by the electoral authority's incompetence.

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