South Korean sect submits to search for founder linked to doomed ferry


  • World
  • Wednesday, 21 May 2014

ANSEONG/INCHEON South Korea (Reuters) - Hundreds of followers of a religious sect submitted on Wednesday to a search of their rural commune by South Korean authorities seeking the arrest of the head of the family that operated a ferry which capsized last month killing more than 300 people.

Yoo Byung-un is wanted on charges of embezzlement, negligence and tax evasion stemming from a web of business holdings centred around I-One-I, an investment vehicle owned by his sons that ran the shipping company Chonghaejin Marine.

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