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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MAN WHO REPEATEDLY BURNT QURAN IN SWEDEN SHOT DEAD. (PHOTO).

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 Man who repeatedly burnt Quran in Sweden shot dead


A man who repeatedly burned the Koran in Sweden in 2023, causing outrage in Muslim countries, has been shot dead, according to media reports on Thursday. 

Police confirmed that a man was killed in a shooting in Sodertalje, near Stockholm on Wednesday night.

Salwan Momika, 38, a Christian Iraqi known for burning Korans at multiple protests, was due to receive a court ruling in Stockholm on Thursday on charges of inciting ethnic hatred.

Momika was being investigated by the Swedish authorities, with charges of incitement against ethnic communities pressed against him.

However, the court postponed the decision, stating that “one of the defendants has died.” Police stated that they were alerted to a shooting in the city of Södertälje, where Momika resided. The shooting took place indoors, and upon arrival, officers found a man who had been “struck by gunshots.” The man was subsequently taken to hospital, according to the statement.

The report stated that Momika arrived in Sweden from Iraq in 2018 and was granted a three-year residence permit in 2021. Prosecutor Rasmus Öman informed Swedish news agency TT that several individuals had been arrested in connection with the case.


Police announced on Thursday that they had made five arrests in connection with the murder of 38-year-old Salwan Momika, who was reportedly shot in a house in the town of Sodertalje near Stockholm the previous day.

“I can assure you that the security services are deeply involved because there is obviously a risk that there is a connection to a foreign power,” Sweden’s Prime Minister Ulf Kristersson said at a news conference.


Vice Prime Minister Ebba Busch condemned the murder.

“It is a threat to our free democracy. It must be met with the full force of our society,” she wrote on X.

The Stockholm District Court, which had been set to rule Thursday on whether Momika and co-defendant Salwan Najem were guilty of “agitation against an ethnic or national group”, said that it had postponed its verdict to February 3 as a result of the former’s death.

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