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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GHANA PRESIDENT MAHAMA PICKS NEW CENTRAL BANK CHIEF. (PHOTO).

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 Ghana President Mahama picks new central bank chief


Ghana's President John Dramani Mahama has chosen Johnson Asiamah as the West African country's next central bank governor, pending approval by the Council of State, the presidency said on Friday, Reuters reported.


The current governor, Ernest Addison, is due to retire from the bank at the end of March and will go on leave from February 3.


Asiamah previously served as a second deputy governor of the central bank between 2016 and 2017, the president's office said in a statement, adding that he had extensive experience in monetary policy and had worked at the Bank of Ghana for over 23 years.


President Mahama won the December presidential election on a promise to “reset” the country on various fronts during a campaign that prioritised the economy.


He unveiled his key cabinet appointments earlier this month, naming Cassiel Ato Forson as Finance Minister, John Abdulai Jinapor as Energy Minister, and Dominic Akuritinga Ayine as Attorney General and Justice Minister.


Ghana is experiencing country’s worst cost of living crisis in a generation.

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