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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FG LAUNCHES PORTAL TO TRACK, REPORT HOUSING FRAUD. (PHOTO).

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 FG launches portal to track, report housing fraud


The Federal Government has launched a digital portal where Nigerians can report fraudulent activities in housing estates, submit evidence, and track the progress of their complaints. The disclosure was contained in a statement released by the Federal Ministry of Housing and Urban Development (FMHUD) on Tuesday.


The launch included demonstrations by technical consultants Messrs Freestone Investments Limited and Messrs Prunedge Development Technologies Limited. The Ministry stressed that fraudulent practices in housing estates will no longer be tolerated and that offenders will face the full weight of the law. The newly launched Housing Fraud Reporting Portal enables citizens to report fraudulent activities in housing estates, submit evidence, and track cases.


The portal, accessible via https://reports.fmhud.gov.ng, provides citizens with a safe and user-friendly platform to report incidents of fraud in housing estates across the country. Complaints submitted on the system will be reviewed by the Ministry in collaboration with relevant stakeholders, including professional bodies, law enforcement agencies, and the judiciary. “The Ministry of Housing and Urban Development has launched a Housing Fraud Reporting web-based platform aimed at allowing citizens to report incidents of fraud in housing estates.


“The platform with the sub-domain name https://reports.fmhud.gov.ng, enables users to submit complaints and share relevant evidence and information on fraudulent practices in the real estate sector, in the country,” the statement read in part.

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