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...

TWO MOZAMBICAN SUSPECTS ARRESTED FOR FATAL IVORY PARK POLICE ATTACK. (PHOTO).


 Two Mozambican Suspects Arrested for Fatal Ivory Park Police Attack


Two Mozambican nationals have been arrested in connection with the fatal attack on two police officers in Ivory Park, Tembisa.


According to police, information was received and followed up, leading to the tracing of the suspects. The first suspect, an 18-year-old, was arrested in Tembisa. He was found with a wound on the left side of his neck, which he allegedly sustained after being shot by his associates on the same day the officers were attacked.


The second suspect, aged 28, was traced and arrested in Mamelodi East. Police recovered several stolen items in his possession, including:

 • A police-issued pistol

 • One R5 rifle magazine

 • Thirteen rounds of state-issued rifle ammunition


Both suspects are expected to face charges relating to the murder of the two officers and possession of stolen state property. The investigation is ongoing.

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