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...

ANAMBRA STATE POLICE COMMAND UPDATE ON A TRENDING VIDEO.(PHOTO).#PRESS RELEASE


 ANAMBRA STATE POLICE COMMAND UPDATE ON A TRENDING VIDEO 


The Anambra State Police Command is aware of a trending video of a man allegedly on a hospital bed and claiming subversion of justice by the Police Command, the Nigeria Customs Services and very important stakeholders of the State, especially Prince Arthur Eze of Ukpo and the traditional ruler of Ukwulu. The Command observes the clip as an attempt to smear the reputation of the Organization and individuals have built over the years and shall invoke sections of cyber laws for necessary action. 


The Command does not want to join words with the victim, knowing fully well that it was an act to seek public sympathy and divert attention on the Case under investigation.  However, the Command as confirmed by the victim in the video, responded swiftly by arresting the two suspects, recovered the arms and prevented the situation from further escalation.


It is worthy of mention that the Police Command was not influenced by anyone or group, but was merely observing inter-agency protocols of security agencies by handing over the suspects to the Nigeria Customs Services for their internal disciplinary proceedings. This is normal and prelude to  a complete Police action on any Case involving the personnel of any security agency. This notwithstanding, the Police shall ensure that justice is served accordingly. 


To this end the Command is concerned on how this individual attempted to incite the members of the public against the Police and reputable citizens in the society.  


The situation highlights the importance of responsible social media use and the potential consequences of spreading misinformation or making unsubstantiated claims. The Command further urges the public especially Ndi Anambra to be wary of such accusations, and to condemn in entirety any move by unscrupulous agents to smear her image or that of other security agencies for that matter.


*SP Tochukwu Ikenga* 

Police Public Relations Officer

Anambra State Police Command, Awka  


25th April 2025

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