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Friday, May 2, 2014

Yoo's father defies summons


Yoo's father defies summons

Yoo Byung-eunJeon Yang-ja

By Nam Hyun-woo

Yoo Hyeok-gi, CEO of Moonjin Media, didn’t comply with prosecutors’ summons Friday.

Yoo is the second son of Yoo Byung-eun, the former chairman of the now-defunct Semo Group, who is suspected of controlling Cheonghaejin Marine, operator of the sunken Sewol ferry.

The junior Yoo can explain the complicated relationship between his father and the ferry operator and its affiliates, which is necessary to exact damages from the disaster that killed 226 passengers with 76 still missing.

The former Semo chairman doesn’t hold any official titles, but investigators believe that he is enriched by dubious methods such as sales of his photographs at exorbitant prices.
Yoo has an elder son, Dae-gyun, in addition to Hyeok-gi.

Hyeok-gi is one of the biggest shareholders of dozens of companies under the Yoo family’s control.

A special investigation team at the Incheon District Prosecutors’ Office already summoned Hyeok-gi on April 29.

The team ordered him to appear again by Friday.

He is reportedly in the U.S. and will not return to Korea until he hires a lawyer.

It has raided offices of affiliates with the group, suspecting their heads have colluded in the family’s corruption.

The team sought arrest warrants against Song Gook-bin, CEO of Dapand, a food supplements and cosmetics distributer, which is suspected of acting as the Yoo family’s cash pot.

The prosecution suspects that Song ordered Dapanda workers to destroy evidence.

Also on the team’s radar is Kukje Production, a commercial producer.

After Semo went bankrupt in 1997, the senior Yoo lost his status as a shareholder from all affiliates.

Actress Jeon Yang-ja is also being investigated. She has been known as a believer in the “Salvation sect,” the evangelical Baptist church created by Yoo and his father-in-law, the late Pastor Kwon Shin-chan.

It was ousted from the Christian denomination for being heretic.

Chonghaejin Marine President Kim Han-sik also served as an auditor of Kukje.

Kim was questioned as a suspect at the prosecution for allegedly helping Yoo hide money by creating shell companies.

The prosecution banned Jeon from leaving the country and reportedly plans to summon her in the near future over her relationship with Semo.

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