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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FEDERAL APPOINTEE ESCAPES ASSASSINATION OVER OSUN LGA'S TAKEOVER. (PHOTO).

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 Federal appointee escapes assassination over Osun LGA’s takeover


…driver, police orderly shot


The Executive Director of Project Implementation at the Federal Housing Authority (FHA), Remi Omowaiye on Monday escaped assassination by a whisker along Osogbo/Ilesa road.

The Nation gathered that the incident occurred around 2:05 PM on Monday in front of Ilesa West local government area when the ex-Commissioner for Works was en route to Osogbo.

According to sources, Omowaiye had mobilized members of the All Progressives Congress (APC), in Ilesa to Police Command Area Command to seek their protection so as for the reinstated local government executives to resume councils.

Meanwhile, they left the police headquarters in Ilesa for APC secretariats where they were dispatched to their homes.

While the ED was returning to Osogbo in a white Toyota Hummer bumper, he ran into an ambush in front of Ilesa West local government as the bus was riddled with bullets.

Speaking with The Nation shortly after the attack, Omowaiye narrated his close encounter with death disclosing that his driver and a policeman sustained gunshot injuries.

According to him, “I was returning to Osogbo from Ilesha when we ran into an ambush in front of Ilesa West Local government. They shot at where I was sitting on the bus, bullet shattered the side windscreen.

“My driver and police orderly sustained serious gunshot wounds. They have been taken to hospital for treatment.”

He also disclosed that the reinstated chairman of Ilesa East car was also attacked on the spot where he was ambushed.

Omowaiye demanded that those involved must be brought to justice.

More photos below. 



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