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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CONSTITUTIONAL COUNCIL CONFIRMS DJIBOUTI PRESIDENT'S 97% VOTE WIN. (PHOTO).

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 Constitutional Council confirms Djibouti president's 97% vote win


Djibouti's President Ismail Omar Guelleh was officially confirmed as winner of a sixth straight election with a final tally of 97.01% of the vote, the Constitutional Council said on Tuesday, AFP reported.


Guelleh, 78, has governed the strategically important country in the Horn of Africa since 1999.


Initial results a few hours after the April 10 vote showed he had taken 97.81%, against just one opponent.


"In this election, President Guelleh obtained 97.01 percent of the vote, for a total of 204,874 votes cast. His main opponent, Mohamed Farah Samatar, received 6,318 votes, or 2.99% of the total," Djibouti's official press agency said, citing the Constitutional Council.


Strategic location


Djibouti borders the Bab-el-Mandeb Strait, which provides access to the Red Sea from the Gulf of Aden, through which passes a large portion of trade between Asia and the West.


Djibouti has just over a million inhabitants, but has leveraged its location to turn it into an international military and maritime hub.

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