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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ALLEGED CYBER STALKING: COURT THREATENS TO REVOKE SOWORE'S BAIL, ISSUE ARREST WARRANT. (PHOTO).

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Alleged Cyber Stalking: Court Threatens To Revoke Sowore's Bail, Issue Arrest Warrant


A Federal High Court in Abuja has threatened to revoke the bail it granted Omoyele Sowore in his ongoing trial on charges bordering on cyber crime.


Justice Mohammed Umar, who issued the threat on Thursday, said he would issued an arrest warrant for his forceful production should he fail to attend court on the next hearing date.


Justice Umar's position was informed by observations and applications made by the prosecuting lawyer, Akinlolu Kehinde (SAN), who noted that Sowore chose not to attend court despite evidence  that he was served with hearing notice through his team of lawyers.


Sowore is being prosecuted by the Department of State Services (DSS) for allegedly making false claim against the person of Present Bola Tinubu by referring to him as a criminal in a post he made on his "X" and Facebook accounts.


At Thursday's hearing, Sowore was absent and so were all his lawyers.


Reacting to the development, Kehinde noted that the business of the day was for the defence to conclude his cross examination of the first prosecution witness.


The prosecuting lawyer said he confirmed from the court's registry that hearing notice was served on the defendant through his lawyers, just as the prosecution was also served.


Citing the provision of Section 352(1)&(2) of the Administration of Criminal Justice Act (ACJA) 2015, Kehinde prayed the court to among others, order the revocation of  the bail granted the defendant and issue a bench warrant against him for his immediate production in court to face his trial.


Ruling, Justice Umar, who confirmed that Sowore was duly served with hearing notice through his lawyers, however noted that the defendant has always attended court since the case began late last year.


The judge also noted that past adjournments granted in the case had been at the instance of both the prosecution and the defence.


The judge then adjourned till March 16 for continuation of trial and ordered that hearing notice be further issued on the defence.

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