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Gov't files for asset seizure against sunken ferry owner Analytics Table
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The government has launched the process to exercise its right of indemnity against the owner and officials connected to the sunken Sewol-ho ferry. Judicial officials said on Thursday that the government filed last Friday for the sequestration of ferry owner Yoo Byung-eun's assets. The government also wants to seize the assets of the chief and four officials of the ferry operator Chonghaejin Corporation, and eight crew members. The total sought is over 3-hundred-95 million U.S. dollars which includes property, vehicles and bonds. The seized assets are intended to be used to compensate the victims and their families. More than 300 people, mostly high school students were killed in the April 16th disaster. The Seoul Central Court ordered the government to submit further evidence for its request.
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