Another arrest sought in hunt for South Korean ferry operator owner
Published on May 16, 2014 3:43 PM
SEOUL (REUTERS) - South Korean prosecutors said on Friday they were seeking a warrant for the arrest of Yoo Byung Un, the head of the family that owns the operator of a ferry that capsized last month.
Prosecutors accused Yoo of embezzling funds from ferry operator Chonghaejin Marine, which they see as one of the factors that hampered its safety management, and led to the sinking that killed hundreds of school children.
The Sewol, overloaded and travelling too fast on a turn, capsized and sank on a routine journey from Incheon on the mainland to the southern holiday island of Jeju.
Of the 476 passengers and crew on board, 339 were children and teachers on a high school outing. Only 172 people have been rescued and the remainder are all presumed to have drowned.
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