S. Korea ferry owner's son gets 3-years for embezzlement

S. Korea ferry owner's son gets 3-years for embezzlement
The overloading of cargo on the Sewol and an illegal redesign has been blamed for the April disaster in which the ferry sank off South Korea's southern coast, claiming more than 300 lives - most of them schoolchildren.

SEOUL - The son of the South Korean tycoon blamed for April's ferry disaster was sentenced to three years in prison Wednesday for embezzlement, the first sentencing of any member of the reclusive billionaire family on charges linked to the sinking.

Yoo Dae-Kyun, 44, was found guilty of syphoning off some $7.2 million (S$9.28 million) from Chonghaejin Marine Co., the operator of the stricken ferry, and its six sister companies between 2002 and late last year.

"The accused is found guilty of embezzlement... He exploited his status as the eldest son of Yoo Byung-Eun for embezzlement," the Incheon District Court in the western port city of Incheon said in a statement.

Prosecutors had sought a four-year jail sentence for Yoo.

Three other family members - Yoo Dae-Kyun's mother and two uncles - have also been arrested on charges of embezzlement from the business group.

Yoo's sister, Yoo Sum-Na, is currently fighting extradition from France on similar charges. A Paris court of appeal will rule Wednesday on her extradition.

The 48-year-old, who also runs a design company, was arrested in Paris on May 26 after an Interpol arrest warrant was filed by Seoul.

The overloading of cargo on the Sewol and an illegal redesign has been blamed for the April disaster in which the ferry sank off South Korea's southern coast, claiming more than 300 lives - most of them schoolchildren.

The badly decomposed body of Yoo's father, Yoo Byung-Eun, who in addition to his substantial business interests also ran a religious group, was found in June.

Post-mortem autopsy failed to determine his cause of death. He had been the target of a massive manhunt connected to the ferry sinking.

Yoo Dae-Kyun was arrested at a hideout in a commuter town just outside Seoul in July.

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