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MON, 2014-11-24  KST

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Timeline for search of Sewol-ho ferry operator
Updated: 2014-07-23 10:03:39 KST

Five days after the Sewol-ho ferry sinks in waters southwest of Korea, the prosecution launches a special investigation into the Yoo family, which owns Chonghaejin Marine Company, the operator of the ferry.
After 73-year-old Yoo Byung-eun fails to appear in court for questioning on May 16th, the prosecution requests an arrest warrant on charges of embezzlement, tax evasion and raising illegal offshore funds.
On May 21st authorities enter a religious compound where Yoo Byung-eun is believed to be hiding.
However, police exit the 230-thousand square meter compound empty-handed.
One day later, the police put up a 50-million won reward, or about 50-thousand dollars,.. for information that leads to the capture of Yoo.
The bounty is later raised to nearly 500-thousand dollars.
On May 25th, police raid Yoo's villa, where officials find traces of the ferry owner having stayed there.
Police seem to be moving closer to tracking down the ferry owner in the following days.
They find a car presumed to belong to Yoo Byung-eun in Jeollabuk-do province.
Early the next month, the business tycoon reportedly asks for asylum in France and the Philippines, but the prosecution says the requests were rejected.
On Monday of this week, the prosecution once again issues an arrest warrant for the fugitive owner of the sunken Sewol-ho.
He's evaded arrest for nearly two months at this point.
Then, one day later on Tuesday it's confirmed that a body found in a plum field Korea's southwestern city of Suncheon last month is Yoo.
More than one million police officers were involved in the manhunt for the billionaire owner of the Sewol-ho ferry, but in the end, they come up empty-handed.
Connie Kim Arirang News.

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