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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AFTER RECEIVING CRITICISM FOR NOT GIVING CREDIT TO TRADITIONAL INDIAN FOOTWEAR, A TEAM FROM THE FAMOUS ITALIAN FASHION BRAND PRADA VISITED KOLHAPUR ON TUESDAY.(PHOTOS).

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 After receiving criticism for not giving credit to traditional Indian footwear, a team from the famous Italian fashion brand Prada visited Kolhapur on Tuesday.


 This comes days after Prada showcased Kolhapuri-style leather slippers in their fashion show in Milan, but failed to mention their origin. The slippers were labeled as regular leather items, upsetting many in India.


Lalit Gandhi from the Maharashtra Chamber of Commerce, Industry & Agriculture said that six senior members from Prada came to understand the history and craft of Kolhapuri chappals. The team included top footwear designers and production heads from the brand. During their visit, they explored the Jawahar Nagar area in Kolhapur, which is known for making traditional chappals, and interacted with local artisans.


Gandhi shared that Prada has promised to never repeat the mistake and to help give Kolhapuri chappals the global recognition they deserve. At Milan Fashion Week, the slippers were seen in seven different looks and priced at around ₹1.2 lakh each, but they were not identified as Kolhapuris. Experts say this is a serious issue, especially since Kolhapuri chappals have Geographical Indication (GI) status in India since 2019.


Prada has now responded positively. They said they will work more responsibly and aim to connect better with local artisan communities. The brand has also shown interest in launching a special “Made in India” collection, inspired by Kolhapuri slippers and created in partnership with Indian craftsmen.

More photos below. 






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