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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EFCC ARRESTS 74 SUSPECTED INTERNET FRAUDSTERS IN ABUJA. (PHOTOS). #PRESS RELEASE

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 EFCC Arrests 74 Suspected Internet Fraudsters in Abuja

Operatives of the Economic and Financial Crimes Commission,  EFCC, have arrested 74 suspected internet fraudsters.

 

  They were arrested on Monday, June 30, 2025 at Joyous Hotel, Nyanya in the Federal Capital Territory,  FCT following actionable intelligence on their suspected involvement in  internet-related offences.

 

 Items recovered from them include  86 phones, one rifle pistol and three motorcycles.

 

They will be charged to court soon.

More photos below. 




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