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...

FAMILIES OF APARTHEID VICTIMS SUE SA GOVT FOR DAMAGES. (PHOTO).


 Families of apartheid victims sue SA govt for damages


Twenty-five victims' families and survivors of apartheid-era political crimes have sued South African President Cyril Ramaphosa and his government for what they say is its failure to properly investigate those offences and deliver justice, Reuters reported.


The group is seeking about 167 million rand ($9 million) in damages, according to the case filed at the High Court in the capital Pretoria on Monday, and shared by the Foundation for Human Rights, an NGO supporting the families, on Thursday.


They are also seeking an order compelling Ramaphosa to create a commission of inquiry into the "political interference that resulted in the suppression of several hundred serious crimes arising from South Africa's past," according to a statement released by the applicants.


A spokesperson for Ramaphosa said his legal team would respond to the court papers accordingly and that the president had never interfered with the work of law enforcement agencies or directed them not to prosecute apartheid-era crimes.


White-minority government


South Africa was ruled by a white-minority government for decades, enforcing institutionalised racial segregation, before becoming a multi-racial democracy in 1994.


The African National Congress (ANC) has governed since then but last year was forced to share power with smaller parties after losing its majority in a national election.


The first applicant in the case is Lukhanyo Calata, the son of Fort Calata, one of four anti-apartheid activists known as the "Cradock Four" who were killed in 1985.


No one has been prosecuted over the case, and a third inquest is due to start this year, but many key figures linked to the killings have died, the statement said.


"Justice delayed in this manner has ensured that justice is permanently denied to our families," Calata said.


The other applicants include two survivors of the 1993 Highgate Massacre in which a group of masked men shot dead five patrons at a hotel bar, and the family members of other anti-apartheid activists who were killed or disappeared.


South Africa set up its Truth and Reconciliation Commission (TRC) in 1996 to help uncover human rights violations perpetrated under apartheid. After it ended in 2002, the TRC handed over a list of several hundred cases to state prosecutors for further investigation, but many were never pursued.

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