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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POLICE SEAL OFF HYDE PARK HOME AFTER SHOOTING LEAVES WORKER CRITICALLY INJURED. (PHOTO).

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 Police Seal Off Hyde Park Home After Shooting Leaves Worker Critically Injured


Police operations intensified in Hyde Park after a 23 year old worker was shot and critically injured at a residence linked to Bellarmine Chatunga Mugabe.


Authorities deployed three emergency medical service trucks to the scene. K9 and forensic units searched the property as part of an ongoing investigation. Officers are looking for the firearm believed to have been used in the shooting. Police have not yet confirmed whether any weapon has been recovered.


The residence is connected to Mugabe, the son of the late former Zimbabwean president Robert Mugabe. Mugabe and another man have been taken into custody. They are expected to appear in the Alexandra Magistrates Court on charges of attempted murder.


Authorities have not released further details about the circumstances that led to the shooting. The condition of the injured worker remains critical.


The case has drawn attention because of the high profile name involved and the location of the incident in one of Johannesburg’s most affluent suburbs. However, the outcome will depend on the strength of the evidence presented in court. Police investigations are ongoing.

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