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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ANAMBRA STATE HOUSE OF ASSEMBLY REINSTATES SUSPENDED ANYAMELUM LAWMAKER, UDEMEZUE. (PHOTO). #PRESS RELEASE

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  Anambra State House of Assembly Reinstates Suspended Anyamelum Lawmaker, Udemezue


By Chizoba Okeke


The Anambra State House of Assembly has approved the reinstatement of the suspended member representing Anyamelum Constituency, Hon. Bernard Udemezue, following the consideration and adoption of the report on his alleged unparliamentary conduct.


The decision was reached after the House unanimously adopted the recommendations of its Committee on Rules, Business, Ethics and Privileges, chaired by the Majority Leader, Hon. Ikenna Ofodeme.


Presiding over plenary, the Speaker, Somtochukwu Udeze, read out the committee’s resolutions and recommendations, which were subsequently adopted through a voice vote and now stand as the official position of the House.


As part of its recommendations, the committee directed that the restriction placed on Hon. Udemezue’s allowances be lifted, with effect from March 2026, and that he resumes receiving all his entitlements accordingly. The committee further recommended that the lawmaker be granted full access to the Assembly complex and allowed to fully participate in the legislative activities of the 8th Assembly.


Presenting the report, Hon. Ofodeme disclosed that Hon. Udemezue had earlier submitted a formal letter of apology addressed to the Speaker, dated November 7, 2025, with reference number ANHA/014/032. He noted that the apology was received within five days of the suspension and that the lawmaker complied strictly with the terms of the disciplinary action, as he was not seen within the Assembly premises throughout the three-month suspension period.


The motion for the adoption of the committee’s recommendations was moved by Hon. Noble Igwe, representing Ogbaru Constituency I, and seconded by Hon. Tony Muobike, member representing Aguata Constituency II.


With the resolution, Hon. Udemezue is set to resume full legislative duties, bringing to an end months of suspension.


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