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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FCCPC URGES NIGERIANS TO REPORT LOAN APPS ENGAGING IN HARASSMENT. (PHOTO).

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 FCCPC Urges Nigerians to Report Loan Apps Engaging in Harassment


The Federal Competition and Consumer Protection Commission (FCCPC) has called on Nigerians to report loan apps and businesses that engage in harassment over unpaid loans. The commission emphasized that no consumer should live in fear due to aggressive debt recovery tactics.  


This follows ongoing complaints about unethical practices by some digital lenders, including threats, blackmail, and unauthorized access to customers’ contacts. The FCCPC has been working to regulate online lending platforms and has previously sanctioned several operators for violating consumer protection laws.  


Nigerians facing harassment from loan apps are encouraged to report such cases to the FCCPC through official channels to ensure appropriate action is taken.

Comments

  1. Anonymous31 January 2025 at 11:58

    Hmmm, those loan Apps are beasts. Nobody sues them for their nefarious activities and they believe that they are doing the right thing. If they have been paying damages, they will maintain a good decorum than these animalistic behaviours

    ReplyDelete
  2. Anonymous31 January 2025 at 22:44

    Online loan companies are worst than terrorist, their modus operandis need to be checked to avoid unnecessary death from their customers.

    ReplyDelete

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