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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RED CROSS SUSPENDS OPERATIONS IN NIGER FOLLOWING GOVERNMENT DIRECTIVE. (PHOTO).

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 Red Cross Suspends Operations in Niger Following Government Directive


The International Committee of the Red Cross (ICRC) has announced the suspension of its operations in Niger after the government ordered the closure of its offices. The government has accused the organisation of colluding with armed groups, allegations the ICRC vehemently denies.


Abdourahamane Tchiani, Niger's junta leader, stated in an interview that the ICRC had been expelled in February, accusing it of meeting and collaborating with Islamist insurgent leaders. The ICRC responded that its dialogue with all parties to a conflict is essential to fulfilling its humanitarian mandate, and it does not provide financial, logistical, or other support to these parties.


The ICRC has worked in Niger for 35 years. The organisation stated that it had already removed all foreign personnel from Niger earlier this year following a government order and had attempted to engage in dialogue to clarify the situation, but these attempts were unsuccessful.


The suspension of ICRC operations comes at a critical time, as approximately 4.5 million people in Niger, 17% of the population, require aid due to insecurity, epidemics, and natural disasters.


The junta staged a coup in 2023 that ousted President Mohamed Bazoum. Since then, Niger's authorities have expelled French and other Western forces and sought support from Russia.

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