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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FIVE DEAD, 20 MISSING AS SPEEDBOATS COLLIDE IN DELTA. (PHOTO).

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 Five Dead, 20 Missing as Speedboats Collide in Delta


At least five people have been confirmed dead, while 20 others remain missing following a collision between two speedboats along the waterways in Warri South Local Government Area of Delta State.


The tragic incident, which occurred on Monday evening, involved boats transporting passengers returning from a burial ceremony. Eyewitnesses attributed the crash to poor visibility, noting that many passengers were not wearing life jackets.


Delta State Police Command spokesperson, SP Bright Edafe, confirmed the accident on Wednesday, stating that six injured survivors had been rescued and were receiving treatment at a hospital in Warri.


“This is a tragic accident, and we are working with marine units and local divers to locate the missing passengers,” Edafe said.


A witness, Emmanuel Okoro, described the scene as chaotic, with people screaming for help. “Some managed to swim to safety, but many others disappeared beneath the water,” he recounted.


Rescue operations are ongoing as emergency responders and local volunteers continue searching for the missing victims.

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