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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INITIATION AND SUPREMACY BATTLE AMONG CULT GROUPS IN ANAMBRA: CP ORUTUGU ORDERS CLAMPDOWN ON ANY UNLAWFUL GATHERINGS IN THE STATE. (PHOTOS). #PRESS RELEASE.

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 INITIATION AND SUPREMACY BATTLE AMONG CULT GROUPS IN ANAMBRA: CP ORUTUGU ORDERS CLAMPDOWN ON ANY UNLAWFUL GATHERINGS IN THE STATE


_Steps up security deployment with the School Protection Squad - Operatives to be on the offensive in student-populated areas_


_Urges Proprietors of hotels and bars or any related places to refuse hosting of such gatherings in their facility_


The Commissioner of Police Anambra State  CP Ikioye Orutugu fwc MNIPS PhD has ordered a clampdown on any unlawful gathering in the State. This follows the security intelligence-led policing and community information that suggests that the Neo-Black Movement of Africa may use today 7th of July 2025 to execute plans that could lead to serious public disorder, including cult initiations and reprisals against rival cult groups in the State. 


The *CP* noted that these criminal activities happen within student-populated areas, and stepped up the security deployment with the School Protection Squad directing the Operatives of the Command to be on the offensive. He also urged hoteliers, lounge owners, and operators of studio apartments, to refuse their facilities for hosting any gatherings associated with cult groups or any related activities. The Security deployment also involves covert operations with Operatives at the Motor/Keke parks and identified spots to nip in the bud any untoward situation. 


The Schools Protection Squad (SPS) is an initiative of the Inspector General of Police *IGP Kayode Adeolu Egbetokun, PhD, NPM,* designed to protect the schools, students, and institutional infrastructure. 


Given the above, the Command urges the public to remain vigilant and to immediately report any suspicious activities, gatherings, or threats to the Police as the Command remains dedicated to a peaceful and secure environment for everyone in the State. You can call the various Area Commanders or DPOs in your areas of concern as can be found attached, please.


*SP Tochukwu Ikenga*

Police Public Relations Officer

Anambra State Police Command, Awka


7th July 2025.

More photos below. 




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