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Korean Ferry Disaster

CEO arrested

8 May, 2014

Senior prosecutor Yang Joong-jin announces the arrest of Kim Han-sik, who is Cheonghaejin Marine Company’s CEO.  Kim faces charges of causing death by negligence and causing the ship’s capsizing in the line of duty.  Because of allegations that the Sewol’s excessive cargo and its crew’s failure to tie that cargo down properly contributed to the sinking, the CEO is also charged with violating the ship safety act.  Investigators say they have indicted four employees, including a senior executive, in the last two weeks, although details about charges aren’t available.  The current death toll from the sinking is 269.