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...

KWARA MAN TAKES ‘COLO’, JUMPS INTO WELL AFTER RETURNING FROM EID PRAYER, DIES. (PHOTOS).


 

Kwara Man Takes ‘Colo’, Jumps Into Well After Returning From Eid Prayer, Dies


43-year-old man simply identified as Kazeem of Edun area, Ilorin, Kwara State, has died after jumping into a domestic well under the influence of a hard substance known as ‘Colo’ (Colorado)


the incident happened shortly after Kazeem returned from Eid prayer on Friday.


It was gathered that men of the Kwara State Fire Service have recovered the lifeless body of Kazeem from the domestic well.


The spokesman of the State Fire Service, Hassan Adekunle, confirmed the incident on Saturday.


He said that the firemen promptly responded to a distress call they received at about 10:29am on Friday that a man has jumped into a well at Alapo compound, Edun, Ilorin.


The distress call was received by the Fire Service control room at about 10:29 hours, reporting that a man had fallen into a well. Firefighters were immediately deployed to the scene, where they successfully recovered the body from the well.


“The victim, identified as Kazeem, reportedly jumped into the well under the influence of a hard substance known as Colo (Colorado) shortly after returning from Eid prayers.


“The body was handed over to Inspector Babatunde Amos of the ‘C ‘ Division Police Station, Ilorin. The Ministry awaits formal identification and claim of the body by the victim’s family.


“The director of the Kwara State Fire Service, Prince Falade Olumuyiwa, admonish residents of the state to stay away from drug abuse, warning that such acts often lead to tragic outcomes,” Adekunle stated.

One more photo below. 


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