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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SCARVENGERS EXPELLED FROM ABUJA, RELOCATES TO MAKURDI. (PHOTO).

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 SCARVENGERS EXPELLED FROM ABUJA, RELOCATES TO MAKURDI


7th July, 2025      


Local residents observed an influx of the scrap buyers into various areas of the Benue State capital, raising questions and concerns about the sudden movement. Sources indicate that the relocation was part of a broader clean-up operation in Abuja targeting informal businesses considered to be contributing to urban congestion and environmental concerns.


Majority of the displaced dealers have now found their way to Makurdi, setting up temporary locations to continue their trade in recyclable metals and other scrap materials.


 Their arrival has sparked mixed reactions, with some residents expressing worries about potential security and sanitation challenges, while others see it as an opportunity to boost local recycling and employment.

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