South Korea ferry disaster fugitive found dead

Last updated 12:40 22/07/2014

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South Korean police say they've found a body of a fugitive billionaire businessman sought over April's ferry disaster that left more than 300 people dead or missing.

Police officer Wu Hyung Ho told a televised news conference that the body was found at a site in southern South Korea on June 12. He said results of DNA and fingerprint tests showed they matched those of Yoo Byung Eun.

Wu said it was not known how Yoo died.

Authorities believed Yoo was the owner the ferry and that his alleged corruption may have contributed to its sinking.

Police and prosecutors were hunting Yoo for months and had offered a US$500,000 reward for tips about him.

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- AP

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