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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PRESIDENT TINUBU MOURNS THE PASSING OF ELDER STATESMAN AND BUSINESS ICON, ALHAJI AMINU DANTATA AT 94.(PHOTO).#PRESS RELEASE.

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STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU MOURNS THE PASSING OF ELDER STATESMAN AND BUSINESS ICON, ALHAJI AMINU DANTATA AT 94

 

President Bola Tinubu mourns the passing of Alhaji Aminu Alhassan Dantata, an elder statesman, business mogul, and philanthropist.

 

Dantata, who passed away at 94 in the early hours of Saturday, was a renowned and accomplished businessman.

 

President Tinubu described Dantata's death as a monumental national loss because of his sterling contributions to Nigeria's economic growth and development.

 

In addition to his long-standing and reputed business acumen, the late Dantata served as Commissioner for Planning and Development in the old Kano State, among other public sector roles.

 

President Tinubu eulogised Dantata for his public-spirited philanthropy, which touched lives, especially in education and healthcare delivery.

 

The President recalled his relationship with the late mogul, describing his wise counsel and support as deeply encouraging and beneficial.

 

"With the death of Alhaji Dantata today, we lost a prominent business mogul, patriot, and elder statesman who contributed significantly to the growth and development of our nation.

 

"Alhaji Dantata will be remembered for his industry, diligence, steadfastness, and great commitment to national unity through his many business ventures and philanthropic activities that touched countless lives of Nigerians," the President declared.

 

President Tinubu sends his heartfelt condolences to the Dantata family, the Government, and the people of Kano State on the death of Nigeria's illustrious son.

 

 

 

Bayo Onanuga

Special Adviser to the President

(Information and Strategy)

June 28, 2025

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