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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UK AND INDIA EXPLORE ENHANCED COUNTER-TERRORISM COOPERATION FOLLOWING TENSIONS WITH PAKISTAN. (PHOTO).

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UK and India Explore Enhanced Counter-Terrorism Cooperation Following Tensions with Pakistan

 

New Delhi - The United Kingdom and India are considering expanding their collaboration on counter-terrorism initiatives. This follows a recent period of heightened tensions between India and Pakistan.


British Foreign Minister David Lammy engaged in discussions with Indian Prime Minister Narendra Modi regarding this matter. Lammy's visit marks the first high-profile engagement by a Western official with both New Delhi and Islamabad since the ceasefire agreement between the South Asian neighbours last month.


The recent tensions were sparked by the deaths of 26 men in Indian Kashmir in April. India attributed the killings to Pakistan-backed terrorists, a claim denied by Islamabad. India retaliated by targeting what it described as terrorist infrastructure within Pakistan, leading to further escalation until a ceasefire was established on May 10.


Lammy emphasized the importance of maintaining stability in the region, particularly in light of the threat of terrorism aimed at destabilizing India. He expressed the UK's commitment to working with Indian partners on counter-terrorism measures.


Discussions with Modi and Indian Foreign Minister S. Jaishankar focused on the next steps for collaboration, though specific details were not disclosed. Previous discussions between India and Britain have included combating the financing of terrorism, enhancing cooperation between law enforcement and judicial bodies, and improving information sharing.


In addition to security concerns, Lammy highlighted the potential for increased trade between the UK and India, both major global economies. He noted that a free trade agreement is in the works.

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