Sewol ferry probe: Seoul ups reward

Comment on this story
iol pic wld South Korea Ship Sinks Missing Owner Associated Press A man watches a television news programme about Yoo Byung-eun at the Seoul Train Station in Seoul, South Korea. File picture: Lee Jin-man

Seoul - South Korea has boosted to $500 000 the reward for tips about the mysterious billionaire who prosecutors say owns a ferry that sank last month.

The ten-fold increase in the reward comes as officials struggle to find Yoo Byung-eun on allegations of tax evasion and embezzlement.

Prosecutors said on Monday that a failure to spend enough money on safety may be a reason for the April 16 sinking.

The sinking of the Sewol ferry left more than 300 people dead or missing, most of them high school students.

The $500 000 bounty is the same amount given if a South Korean citizen provides information about a North Korea-dispatched spy.

Police are also offering a bounty of $100 000, up from $30 000, for Yoo's eldest son.

He faces embezzlement allegations. - Sapa-AP



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines