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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BILL TO ESTABLISH ANAMBRA STATE BURSARY AND SCHOLARSHIP FUND MANAGEMENT AGENCY PASSES SECOND READING. (PHOTO). #PRESS RELEASE.

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 Bill To Establish Anambra State Bursary And Scholarship Fund Management Agency Passes Second Reading

By Chizoba Okeke 


A bill seeking to establish the Anambra State Bursary and Scholarship Fund Management Agency has passed its second reading at Anambra State House of Assembly.


The sponsor of the bill, Hon. Tony Muobike, who represents Aguata Constituency Two, explained that the proposed legislation aims to create a management framework for bursary and scholarship funds in the state. 


According to him, the bill seeks to support educational development by assisting indigent students, rewarding academic excellence, leadership, and extracurricular achievements and encouraging research. Muobike noted that the bill would also motivate students to pursue disciplines critical to the state and nation's development, foster diversity in the education system, and promote research through funding.


In their contributions, the Minority Leader, Hon. Johnbosco Akaegbobi, his Ihiala Constituency Two Counterpart, Hon. Golden Iloh, and member representing Njikoka Constituency Two, Hon. Jude Akpua, said the bill is important in promoting access to education for students from economically disadvantaged backgrounds.


The Speaker, Right Honourable Somtochukwu Udeze, commended the bill as a significant development aligned with Governor Chukwuma Soludo's agenda. 


He referred the bill to the appropriate committee for further scrutiny and refinement.


* Okeke is of the Ministry of Information, Anambra State *

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