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...

SUDAN'S PARAMILITARY CHIEF ADMITS SETBACKS AS ARMY MAKES ADVANCES. (PHOTO).


 Sudan's paramilitary chief admits setbacks as army makes advances


The commander of Sudan’s paramilitary Rapid Support Forces (RSF) Mohamed Hamdan Dagalo, known as Hemedti, on Friday acknowledged setbacks as the country’s army made advances in the capital Khartoum, Anadolu Agency reported.


In a recorded video, Hemedti urged his fighters to focus on future gains and ignore the areas recently retaken by the army. �


“To all forces on all fronts, do not dwell on what the army has taken from us—whether it is the General Command (in central Khartoum), the Signal Corps (in Bahri), Jili town (north of Khartoum), or Wad Madani (capital of Al-Jazira state),” he said. �


He called on his troops to concentrate on their next objectives rather than on lost territory. �


Army gains


Hemedti claimed his forces could drive the army out of Khartoum again, as they had done before.


His remarks came after recent military gains by the Sudanese army, which broke the RSF siege on its General Command headquarters and the Signal Corps, regained control of most of Bahri, and took back Umm Ruwaba in North Kordofan state. �


The army and RSF have been fighting since mid-April 2023, a war that has killed more than 20,000 people and displaced approximately 14 million, according to the UN and local authorities.


However, research from US universities estimates the death toll at around 130,000.


Humanitarian catastrophe �


International and UN calls for an end to the war are mounting, warning of an impending humanitarian catastrophe as millions face famine and death due to food shortages.


The conflict has spread to 13 of Sudan’s 18 states.

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