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...

"WE’RE STILL REVIEWING ANAMBRA ELECTION OUTCOME" -NICHOLAS UKACHUKWU. (PHOTO).


 "We’re still reviewing Anambra election outcome" -Nicholas Ukachukwu


The candidate of the All Progressives Congress in the Saturday Anambra State governorship election, Nicholas Ukachukwu, has said that he is still gathering information from his party agents after which he would take decisions on the outcome of the election after Prof. Chukwuma Soludo was declared winner of the poll by INEC.


However, in his reaction to the outcome of the election during a press briefing in Awka today, Ukachukwu said 99,445 voters in the state voted for him because they wanted Anambra to move forward.


He said for the fact that about 99,445 people voted for him on Saturday, meant that the APC has come to stay in Anambra and will soon dominate the state.


He said, “From the beginning of the primary till the election proper, we made a diligent effort. The election has come and gone. I congratulate my team members and campaign council, they showed they were all gallant soldiers.


“My supporters including my running mate were intimidat€d by thμgs and prevented from casting their votes in their polling units. They arr€sted one of our agents and kept him somewhere until after the election.


“When you look at where we are coming from, you will understand that we made appreciable effort. What happened is a story for another day. We are still collating data and gathering information from our party agents and after that we will know what to do. I am still consulting with my party to know the step or action to take.


“For the first time in the history of the election, the APC scored almost 100,000 votes without any inducement. But they accused us of vote-buying, can the APC candidate who is not a sitting governor buy vote?


“If the APC candidate bought votes like the APGA candidate, the result would have been obvious. And if you see the level of violence, the people they arrested were all APC members. The house they burnt belonged to an APC member. The woman defeated them in her polling booth, but they went to burn down her house, was it APC that burnt down the house?


“Those who bμrnt the house have not been arrested. Whatever decision I am going to take, I must carry those 99,445 voters who voted for me along. They voted for me because they want Anambra to move forward. I must consult them. Like I said, I will hear from them. APC is here and it’s here to stay.”


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