By Rishi Iyengar
November 6, 2014

Three family members of the businessman linked to the ill-fated South Korean Sewol ferry, which capsized in April and killed over 300 people, were sentenced to jail on charges of corruption Wednesday.

Korean authorities say that graft may have contributed to the sinking of the vessel, which was illegally modified and overloaded. The boat was owned by the Chonghaejin Marine Company, in which the late tycoon Yoo Byung-eun had an interest, the BBC reported.

Yoo’s 44-year-old son Dae-kyun was convicted of embezzling $6.8 million from company funds and sentenced to three years in prison, and two of Yoo’s brothers were also handed jail terms of one and two years respectively on similar charges.

[BBC]

Write to Rishi Iyengar at rishi.iyengar@timeasia.com.

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