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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SECURITY IN ANAMBRA: POLICE AVERT PLANNED CULT CLASH, ARRESTS TWO SUSPECTS AND RECOVERS FIREARM AND AMMUNITION IN ENUGWU UKWU. (PHOTO). #PRESS RELEASE

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 SECURITY IN ANAMBRA: POLICE AVERT PLANNED CULT CLASH, ARRESTS TWO SUSPECTS AND RECOVERS FIREARM AND AMMUNITION IN ENUGWU UKWU


Operatives of the Anambra State Police Command attached to the Special Anti Cult Squad (SPACS) Enugwu Ukwu acting on actionable intelligence received regarding the gathering of a dangerous cult group for a planned rivalry fight in the early hours of 4th December, 2025, swiftly mobilized to the scene and arrested Oluebube Ifediorah ‘M’ aged 21 years and Offorbuike Emmanuel ‘M’ aged 25 years respectively. The suspects were arrested in Enugwu Ukwu, Njikoka Local Government Area. The team also recovered a locally-made double-barrel shotgun and two live cartridges. 

The recovered firearm was found in a red bag that Oluebube Ifediorah had on him, as several other members of the cult gang had managed to flee the scene into the surrounding bush.


Meanwhile, efforts are in top gear to track down and apprehend the remaining members of the gang who escaped.


This operation is part of the ongoing efforts by the Anambra State Police Command to rid the State of cult-related violence and criminal activities. 


To this end, the Commissioner of Police, CP Ikioye Orutugu fwc mnips PhD urges members of the public to continue providing credible information to aid in the fight against cultism and other forms of criminality in the State.


SP Ikenga Tochukwu

Police Public Relations Officer

Anambra State Police Command


6th December 2025

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