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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JONATHAN JEGA DECRY POLITICAL INTERFERENCE ON INEC APPOINTMENTS. (PHOTO).

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 Jonathan, Jega decry political interference on INEC appointments


Former President Goodluck Jonathan and former Chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, have decried the influence of political interference on the appointments of electoral commissioners. 


Jonathan and Jega spoke on Tuesday at a conference organised by pro-democracy and advocacy group Yiaga Africa in Abuja. The event was tagged, ‘Reflection Conference on Democratic Elections in West Africa’.


“The electoral commission must be fully independent and we must have credible people. Political leaders who are so domineering and over-pressuring you (INEC staffers) to do what is wrong should resign and leave,” Jonathan said.


On his part, Jega said, “There is political interference in the appointment or removal of electoral commissioners and other election officials.” He said citizens, civil society organisations and drivers of changer should continue to mobilise effectively for credible elections.

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