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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RIVERS: OPERATIVES ARREST SUSPECTED CAR SNATCHERS, RECOVER STOLEN VEHICLES.(PHOTOS). #PRESS RELEASE

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 RIVERS STATE POLICE COMMAND PRESS RELEASE:


Operatives Arrest Suspected Car Snatchers, Recover Stolen Vehicles.


The Rivers State Police Command has made a remarkable feat in its sustained onslaught against Car theft and snatching in the state. On November 20, 2025, at about 1800hrs, a team of Operatives from the Command's C4I Intelligence Unit, arrested two suspects, Abubakar Abdulsalam 'm' aged 43yrs and Shagari Shehu 'm' aged 35yrs, in connection with the theft of two vehicles.


The Operatives swiftly acted on credible and reliable information, leading to the arrest of the suspects, who were found in possession of the stolen vehicles. 


The recovered vehicles include a white Toyota Hilux with a fake registration number GWA 453 GR and an ash-colour Toyota Corolla with a fake registration number LSD 420 BT. Both vehicles are in Police custody, for discreet  investigation.


The suspects are currently undergoing in-depth investigation to unravel the circumstances surrounding the theft and the suspects' individual involvement. The Operatives are working to establish the suspects' potential links to any other vehicle-related crimes in the state and arrest of other syndicate members.


The Commissioner of Police, Rivers State, CP Olugbenga A. Adepoju, psc, mnips, commends the efforts of the Operatives and appreciates the public's continued support in the fight against crime. The Command reassures the public of its commitment to maintaining law and order and urges anyone with information on similar crimes to come forward and assist the Police in its investigations.


The Police will continue to work tirelessly to ensure that Rivers State remains a safe and secure place for all residents and visitors alike.


SP GRACE IRINGE-KOKO, ANIPR,

Police Public Relations Officer, Rivers State Police Command. 

More photos below. 




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