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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FCT POLICE COMMAND CONDUCTS RAID ON ILLEGAL DRUG SPOTS ACROSS THE FEDERAL CAPITAL TERRITORY. (PHOTOS). #PRESS RELEASE.

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 PRESS RELEASE


FCT POLICE COMMAND CONDUCTS RAID ON ILLEGAL DRUG SPOTS ACROSS THE FEDERAL CAPITAL TERRITORY


On 23rd January 2025, operatives of the FCT Police Command, under the Anti-Narcotics Unit, successfully executed a series of coordinated raids targeting identified hotspots across the FCT. These locations were known to be used by criminal elements for the sale and consumption of illicit drugs and substances.


The areas covered during the raids include:

1. SDP Junction, Gwagwalada.

2. Lugbe Federal Housing, by Tipper Garage.

3. Wuse Zone 5, by Access Bank.

4. AYA Roundabout.


During the operation, suspects at the respective locations attempted to flee on sighting the Police operatives but were swiftly pursued. This led to the arrest of eight (8) suspects and the recovery of the following exhibits:

• One hundred (100) rounds of live 7.62 x 39mm ammunition.

• A large quantity of dried leaves suspected to be cannabis.

• A substantial amount of encapsulated illicit drugs.


These operations highlight the Command’s dedication to ensuring the safety and well-being of all residents. The FCT Police Command remains resolute in its fight against the menace of illicit drug activities within the Federal Capital Territory.


The Commissioner of Police, FCT Command, urges members of the public to continue supporting the police by reporting suspicious activities promptly. Reports can be made at the nearest Police station or through the Command’s emergency lines: 08032003913, 08028940883, CRU: 08107314192, PCB: 09022222352.


SP Josephine Adeh,

Police Public Relations Officer,

FCT Command, 

Abuja.

More photos below. 





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