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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POLICE ARREST 23-YEAR-OLD FOR ATTEMPTING TO USE NEPHEW FOR RITUAL. (PHOTO).

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 Police arrest 23-year-old for attempting to use nephew for ritual


The Ekiti State Police Command has arrested a 23-year-old man, Solomon Fabiyi, for attempting to use his seven-year-old nephew, Jomiloju, for a money ritual.


According to the state police spokesperson, SP Sunday Abutu, Fabiyi who resides with his parents and the victim in Ado-Ekiti, was arrested on Friday before he could carry out the ritual.


Abutu in a message to our correspondent on Tuesday confirmed that Fabiyi confessed to the crime and was subsequently arraigned.


He wrote, “He was arrested by our operatives on Friday, 14th February 2025 at about 19:00hrs through a tip-off while he was on the verge of using nephew for money ritual.


“The suspect, his parents and the victim all reside together around Goshen Avenue, Adebayo Area, Ado-Ekiti.


“He confessed to the commission of the crime and has been arraigned.”


In a viral video on social media, the suspect explained that he had been directed by a local herbalist to find someone to use for the ritual.


The herbalist reportedly assured him that the person chosen for the ritual would not die, but would live with an ailment.


The herbalist, however, was said to have alerted the police when Fabiyi brought the child to be used for the ritual.

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