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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UGANDAN OPPOSITION FIGURE BOBI WINE TAKEN AWAY IN ARMY HELICOPTER, PARTY SAYS. (PHOTO).

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 Ugandan opposition figure Bobi Wine taken away in army helicopter, party says


Ugandan opposition leader Bobi Wine has been forcibly taken away from his home by an army helicopter, his party has said, a day after elections marred by violence and an internet blackout.


President Yoweri Museveni is seeking to extend his four-decade rule after an election that opposition groups say was conducted under widespread repression.


Wine, whose real name is Robert Kyagulanyi, had earlier said he was under house arrest after police surrounded his residence.


Late on Friday, his party, the National Unity Platform, said in a post on X that an army helicopter had landed inside the compound and "forcibly taken him away to an unknown destination," TRT Afrika reported.


The party added that Wine’s private security guards were "violently assaulted" during the operation.


Preliminary results released by the Electoral Commission placed Museveni with 75.38% of the vote, with his closest challenger, Robert Kyagulanyi, 43, popularly known as Bobi Wine, a former pop star turned politician, second with 20.71%.


Wine, 43, a former singer who styles himself the ‘ghetto president’, has emerged as Museveni’s most prominent challenger in recent years.


‘Widespread repression and intimidation’


Earlier, Wine told Anadolu that there is a heavy military presence around his house. The situation in Kampala remains calm but tense, with the city largely deserted as shops remain closed.


Benjamin Katana, a senior figure in Wine’s opposition party, said there is a lack of clarity about the way votes were tallied in the districts announced by the Electoral Commission, raising questions about the integrity of the process.


He told Anadolu that there has been voter intimidation, a security apparatus hostile to polling agents belonging to the opposition and a systematic failure of electronic biometric voting machines, all pointing to concerns about delivering a free and fair election.


Elsewhere, there were reports of deadly violence against opposition supporters.


Analysts have long viewed the election as a formality, citing Museveni’s firm control over the state and security apparatus.


The United Nations rights office said last week the vote was taking place amid “widespread repression and intimidation” of the opposition.

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