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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SOKOTO GUARD FATALLY SHOOTS HIMSELF AFTER RESCUING 66 KIDNAP VICTIMS. (PHOTO)

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 Sokoto Guard Fatally Shoots Himself After Rescuing 66 Kidnap Victims


A member of the Sokoto State Community Guard Corps tragically shot and killed himself following a successful operation in which 66 kidnap victims were rescued.


The operation, led by the Nigerian Army, took place on Monday at Tidibali Forest in eastern Sokoto State. Colonel Ahmed Usman (rtd), Special Adviser to Governor Ahmed Aliyu on Security, confirmed the incident, stating that the guard died from an accidental discharge of his firearm shortly after returning to base.


“He was handling his weapon when it accidentally went off, fatally wounding him. He succumbed to the injury shortly afterward,” Usman said.


Usman also reported on the progress of the ongoing operation, which is funded by the state government to combat banditry. He stated that 66 victims had been freed, and several bandits were eliminated during the mission.


The rescued individuals were transported to Isa town in Isa Local Government Area. The operation continues with the goal of eliminating criminal elements, particularly bandits, from the state.

Comments

  1. Anonymous8 January 2025 at 10:22

    He died a hero. Unfortunately, his name can't even be mentioned as an honor. RIP.

    ReplyDelete

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