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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AVIATION WORKERS PROTEST PLANNED CONCESSION OF PORT HARCOURT AIRPORT. (PHOTO).

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Aviation workers at the Port Harcourt International Airport staged a solidarity march on Wednesday to express their opposition to the Federal Government's alleged plan to concession the airport without their involvement. The workers, under the umbrella of the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the Association of Nigeria Aviation Professionals (ANAP), carried placards urging the government to include them in the concession process.


Razaq Animashaun, Chairman of ATSSSAN, emphasized that the workers are not against concessions but are opposed to any process that lacks transparency and excludes key stakeholders. "If they want to concession the airport, the union should be involved so that we can know where our staff belongs to because we don't want job losses," Animashaun said.¹


Akagha Emmanuel, ANAP Chairman at the airport, questioned the government's decision to proceed with the concession plans despite a pending court case. "They should carry the union along. We have a case in court already... We want them to carry the union along, carry pensioners along, carry the staff along," Emmanuel said.


The Federal Government had announced plans to concession five Nigerian airports, including the Port Harcourt International Airport, last October. However, the workers' unions are seeking greater transparency and involvement in the concession process to protect their interests and prevent job losses

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