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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OAU STUDENT MURDER: ADEDOYIN TO DIE BY HANGING, APPEAL COURT AFFIRMS. (PHOTO).

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 OAU student murder: Adedoyin to die by hanging, Appeal Court affirms


The Court of Appeal in Akure, Ondo State, has affirmed the death sentence of Ramon Adedoyin, the owner of Hilton Hotels, who was convicted of murdering Timothy Adegoke, a former Master’s student of Obafemi Awolowo University (OAU), Ile-Ife, Osun State.


In its judgment delivered on Thursday, the appellate court upheld the ruling of the Osun State High Court, confirming that the original judgment still stands.


The judgement reads in parts: “The judgment of the High Court of Osun State stands. Adedoyin’s appeal is dismissed in part.


“The Court of Appeal held that Adedoyin was properly convicted and sentenced to death.


“Order of forfeiture of Hilton Hotel quashed and set aside.


“Order of education scholarship to children of Timothy Adegoke by Adedoyin and others quashed and set aside.”


Persecondnews recalls that in a judgment delivered in May 2023, the Chief Judge of Osun State, Justice Adepele Ojo, pronounced Adedoyin and two staff members of the hotel guilty of murder.


The court went further to sentence Adedoyin, Adeniyi Aderogba and Oyetunde Kazeem to death.


It, however, freed three of the hotel workers — Magdalene Chiefuna, Oluwole Lawrence and Adebayo Kunle.


Adegoke was found dead in November 2021 at Adedoyin’s Hilton Honours Hotel, Ile-Ife, where he (the deceased) had lodged.

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