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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NAF AIRSTRIKES FOIL TERRORISTS’ ATTACK IN BORNO. (PHOTO).

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 NAF airstrikes foil terrorists’ attack in Borno


Following credible intelligence received, the Nigerian Air Force, NAF, under Operation Hadin Kai, struck key Boko Haram hideouts at Tumbumma Baba and Chiralia in southern Tumbuns, Borno State.

Air Commodore Ehimen Ejodame, Director of Public Relations and Information, Headquarters, Nigerian Air Force, stated this in a statement, adding that, “acting on credible intelligence, NAF aircraft targeted terrorist structures reportedly used for storage and coordination, delivering direct hits and crippling planned attacks aimed at disrupting Eid celebrations.”

According to the statement, the airstrike neutralised several terrorists and destroyed key logistics structures during the operation.

“This pre-emptive action,” according to Ejodame, “underscores the Nigerian Air Force’s commitment to safeguarding civilian lives and supporting national security objectives.”

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