The move concludes a major effort by South Korea to track down those connected to the Sewol sinking. Read more at straitstimes.com.
killing more than 300 people, will be flown to Seoul from the United States to face embezzlement charges, officials said on Thursday, after years of requests from Korean prosecutors.
Prosecutors said members of the Yoo family embezzled US$169 million from a family-run church and from companies related to their business empire. The prosecutors say the thefts diverted funds that the Chonghaejin Marine Co. would have spent on safety measures, thereby contributing to the ferry disaster.
The Chonghaejin Marine Co. was once a sprawling conglomerate with ventures that included toys, ships and cosmetics. Yoo is accused of conspiring to defraud various family businesses of US$23 million through sham contracts. The US Marshals Service found Yoo at home in Westchester County, where he lived as a permanent resident with his wife and three children, and arrested him on July 23, 2020. He has been detained without bail since then.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea July consumer inflation slowest in 25 monthsSEOUL : South Korea's consumer inflation cooled for a sixth consecutive month in July and by more than expected, official data showed on Wednesday.The consumer price index stood 2.3 per cent higher in July than a year earlier, after a 2.7 per cent rise in June and compared with a median 2.4 per cent incre
Read more »
South Korea raises heat alert to highest amid sweltering weatherSEOUL: South Korea raised the hot weather warning to its highest, the first time in four years, as parts of the country roasted in temperatures over 38 degrees Celsius, the interior and safety ministry said on Wednesday (Aug 2). The scorching heat is estimated to have killed 23 people across the country, m
Read more »
South Korea raises heat alert to highest in 4 years amid sweltering weatherThe scorching heat is estimated to have killed at least 22 people across South Korea as of Tuesday. Read more at straitstimes.com.
Read more »
North Korea responds to UN Command on US soldier who crossed border, says PentagonIt merely acknowledges the UN Command’s request for information about US Army Private Travis King. Read more at straitstimes.com.
Read more »
North Korea responds to UN Command on US Private Travis King: PentagonWASHINGTON: North Korea has offered a very brief response to the United Nations Command about a US soldier who dashed over the heavily-guarded border with South Korea on Jul 18 and was immediately t
Read more »
Former Amazon exec Chandok to lead Microsoft's India, South Asia operationsBENGALURU :Microsoft Corp has named Puneet Chandok as the corporate vice president of its India and South Asia arm, effective Sept. 1, the technology company said on Tuesday.Chandok joins Microsoft from Amazon.com Inc's cloud division AWS, where he led the company's India and South Asia business.'As In
Read more »