JavaScript is off. Please enable to view full site.

Daughter of Korean ferry tycoon detained in France

Daughter of Korean ferry tycoon detained in France

Wednesday, May 28, 2014, 19:45 GMT+7

PARIS - The daughter of a fugitive Korean tycoon accused of being responsible for last month's ferry disaster was detained in custody in France on Wednesday pending extradition proceedings.

Judicial sources said a judge had decided against releasing Yoo Som-Na, 47, on bail following her arrest on Tuesday under an international arrest warrant.

Korean authorities want to talk to her in connection with their investigation into a sinking that claimed around 300 lives, most of them schoolchildren.

A decision on whether Yoo should be extradited is likely to take months as French authorities will have to satisfy themselves that there is a legitimate basis for the request.

She will not necessarily be kept in custody until an extradition hearing but the authorities have that option if they judge that there is a risk of her seeking to flee France.

Yoo Som-Na is the daughter of Yoo Byung-Eun, the head of the family which controls Chonghaejin Marine Co., the company which owned and operated the Sewol ferry that capsized and sunk on April 16 with hundreds of high-school students on board.

Yoo and his eldest son Yoo Dae-Kyun are being hunted by Korean authorities who suspect breaches of legal safety standards may have led to a tragedy that moved the whole world.

South Korean President Park Geun-Hye on Tuesday denounced the fugitive members of the family as the "root cause" of the disaster. The government has offered a half-million dollar reward for information leading to the arrest of the father and 100,000 dollars for Yoo Dae-Kyun.

Korean prosecutors want to question the two men, Yoo Som-Na and another son who lives in the United States in connection with possible charges of embezzlement, tax fraud and criminal negligence.

Yoo has no direct stake in Chonghaejin, but his children and close aides control it through a complex web of holding companies.

AFP

Read more

Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals

21 hours ago
;

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news