$50,000 reward offered in manhunt for missing Sewol ferry ownerBy AP News May 23, 2014 7:23PM UTC
SEOUL, South Korea (AP) — South Korea is offering a reward for a mysterious billionaire who authorities say owns a ferry that sank last month, leaving more than 300 people dead or missing.
Police said Friday their manhunt has yet to find Yoo Byung-eun. Yoo is a member of a church that critics call a cult and have linked to a 1987 mass suicide. Church members deny involvement.
Yoo was thought to be holed up in a sprawling church compound but wasn’t there when authorities entered it this week. Prosecutors have announced a $50,000 reward for information about him.
Yoo is head of the now-defunct predecessor of the ferry’s current operator. He allegedly still controls the company.
He faces allegations of tax evasion, embezzlement and professional negligence.