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...

SUSPECTED THUGS ATTACK AND STRIP NAKED FORMER GOVERNOR, GODWIN OBASEKI’S COUSIN OVER ALLEGED VERBAL ATTACKS ON OBA OF BENIN . (PHOTO).


 Suspected thugs attack and strip naked former governor, Godwin Obaseki’s cousinover alleged verbal attacks on Oba of Benin 


Suspected thugs today December 28, strpped naked Don Pedro Obaseki, a veteran filmmaker and a cousin of former governor of the state, Godwin Obaseki, in Benin City, the Edo state capital.


In a video circulating on the internet on Sunday, Obaseki was seen being attacked at Uwa Primary School, where he had gone to play football.The video showed the moment he was also dragged before some chiefs at the Oba’s palace where he was made to kneel down. 


The suspected thugs reportedly told palace guards that they had brought an Oghion (enemy) of the Oba.


Recall that Obaseki clashd with the thrown during his tenure as governor when heplaced a ban on Okaigheles (youth leaders) in Benin Kingdom’s seven local government areas of the state. Obaseki at the time said that the activities of Okaighelese fueled cultism in the state. The palace however rejected the ban saying Okaigheles have been a part of the Benin tradition. The then-governor also fell out with the palace over the repatriation of thousands of artifacts (the Benin Bronzes) looted by British forces in 1897.


The Oba maintained that the artifacts were stolen from the Palace and should return to the Palace. However, the then-governor proposed the Museum of West African Art (MOWAA), managed by a private entity.


It is unclear what Don Pedro may have said against the Palace that led to his assault.

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