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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JUDGE REJECTS REQUEST TO WITHDRAW FROM EMEFIELE'S TRIAL. (PHOTO).

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 Judge Rejects Request to Withdraw from Emefiele’s Trial


Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja has dismissed a request for his recusal from the trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.


Delivering his ruling on Wednesday, Justice Oshodi stated that the defence’s allegations of bias were unsubstantiated and lacked evidence to warrant his withdrawal from the case.


The defence team, led by Olalekan Ojo, had orally applied for the judge to step down on Monday, citing a perceived likelihood of bias based on previous rulings. However, Economic and Financial Crimes Commission (EFCC) counsel Rotimi Oyedepo opposed the request, asserting that the proceedings had been conducted fairly.


After reviewing the arguments, Justice Oshodi ruled that the application had no merit and dismissed it, stating, “The claims of bias have not been substantiated. Accordingly, the request for recusal is denied.”

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