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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GHANA TO SUBMIT UN RESOLUTION ON SLAVERY REPARATIONS; EYES BROAD SUPPORT. (PHOTO).

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 Ghana to submit UN resolution on slavery reparations; eyes broad support


Ghana ​intends to propose a United Nations resolution recognising transatlantic slavery as ‌the "gravest crime in the history of humankind" and calling for reparations, and expects broad support despite resistance in Europe.


The West African nation, a prominent advocate of reparations on the continent, plans to ​table the proposal at the U.N. General Assembly, possibly as early ​as this month, its Foreign Ministry said in a statement to ⁠Reuters.


The plan marks a new step in Africa's efforts to seek accountability for ​historical injustices by former colonial powers, and the country hopes it will "enjoy the support ​of many member states".


"The proposed resolution seeks to recognise transatlantic slave trade as the gravest crime in the history of humankind, taking into account its scale, duration, legalisation and enduring consequences," ​it said.


While calls for reparations have gained momentum in recent years, there is also a growing backlash.


Several ​European leaders have opposed even discussing the subject, with critics arguing today's states and institutions ‌should not ⁠be held responsible for historical wrongs.


Asked if it expected opposition, the ministry said: "A backlash against truth is one that we hope would not occur. Ghana is not seeking to reopen old wounds but to heal those wounds with truth."


PUSH FOR REPARATIONS


African and Caribbean nations have been seeking to ⁠establish a special U.N. reparations tribunal, with lawyers noting previous tribunals had been created by resolution or by the Security Council.


The African Union (AU) last year set out to create a "unified vision" among its ⁠55 member states on what reparations may look like, from financial compensation and formal apologies to policy reforms. AU leaders endorsed the proposed resolution at a summit last ⁠month


Member ​states of the Caribbean Community, which has outlined its ​own reparations plan, are also expected to support it.


"We remain optimistic that others would equally be able ​to do so," the ministry said.

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