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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NASARAWA POLICE RESCUE 40 FOREIGN NATIONALS FROM HUMAN TRAFFICKING SYNDICATE. (PHOTO).

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 Nasarawa Police Rescue 40 Foreign Nationals from Human Trafficking Syndicate

Lafia, Nasarawa State  


The Nasarawa State Police Command has rescued 40 foreign nationals, mostly from Mali and Ivory Coast, who were lured into Nigeria by a human trafficking syndicate with false promises of jobs in France.


The victims were intercepted before they could be transported out of the country, police said on Saturday.

State Commissioner of Police, Shettima Jauro, disclosed the rescue during a press briefing in Lafia, the state capital.


According to CP Jauro, the victims were deceived with offers of employment in Europe and brought into Nigeria through illegal routes. They were being held in a location within the state ahead of onward movement to France when police acted on intelligence and raided the premises.


The prime suspect, believed to be the leader of the trafficking ring, remains at large. Police say efforts are ongoing to arrest him and other accomplices.

No further details about the victims’ conditions or the exact location of the rescue were immediately released, as investigations continue.

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