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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SENATOR KATUNG DISTANCES SELF FROM UNAUTHORIZED CRITICISM OF KADUNA GOVERNMENT. (PHOTO).

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 Senator Katung Distances Self From Unauthorized Criticism Of Kaduna Government


The Media Office of Senator Sunday Marshall Katung has issued a clarification distancing the Distinguished Senator from unauthorized statements allegedly made by individuals claiming to be his supporters, which were critical of the Kaduna State Government and Governor Uba Sani.


In a statement released on Friday, the Media Office expressed concern over written and verbal comments attributed to such individuals, describing them as unverified, unauthorized, and inconsistent with Senator Katung’s long-standing reputation and values.


According to the statement, the remarks run counter to the Senator’s commitment to peace, unity, collaboration, and sustainable development in Southern Kaduna, objectives he has consistently pursued over the years.


The Media Office emphasized that Senator Katung holds President Bola Ahmed Tinubu, GCFR, and Kaduna State Governor, Senator Uba Sani, in the highest regard. 


It reaffirmed the Senator’s unwavering support for their leadership, their second-term aspirations, and the success of the All Progressives Congress (APC) at all levels in the 2027 general elections.


“For the avoidance of doubt, Senator Katung is working tirelessly, in close collaboration with other leaders, to ensure Southern Kaduna receives the attention, inclusion, and developmental support it deserves from governments at all levels,” the statement noted.


The Media Office further appealed to supporters and followers of the Senator to exercise restraint and responsibility, urging them to refrain from actions or communications capable of undermining the prevailing atmosphere of peace, unity, and cooperation in the state.


The statement concluded with a call for continued loyalty and support for President Tinubu, Governor Uba Sani, and the APC, stressing that lasting progress can only be achieved through unity, discipline, and constructive engagement.


The statement was signed by Midat Joseph,

Special Adviser, Media and Communications to Senator Sunday Marshall Katung.

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