Body of fugitive S. Korea ferry owner 'found by police'
In a photo taken on July 6, 2014 a wanted poster for fugitive Chonghaejin owner Yoo Byung-Eun is displayed in a window in Jindo harbour - by Ed Jones
A massive manhunt had been launched for billionaire Yoo Byung-eun, the 73-year-old owner of ferry operator Chonghaejin Marine Co, who went on the run shortly after the vessel sank killing over 300, most of them school children.
A body found last month by police has matched the DNA of Yoo's older brother, Yonhap news agency reported early Tuesday, leading police to believe they have located the fugitive businessman's corpse.
Yonhap reported that the body was discovered on June 12 in a plum field in Suncheon, a city 300 kilometres (186 miles) south of Seoul.
"We carried out a DNA test after finding a dead body in Suncheon, and the results fairly matched that of Yoo's brother," a police official said, quoted by Yonhap. "We need to look more closely into this, but the body is believed to be Yoo's."
Yoo was wanted for questioning on possible charges of embezzlement and criminal negligence, as prosecutors investigate the extent to which the disaster was caused by a lack of safety standards and regulatory violations.
MORE REGIONAL NEWS
Latest Photo Galleries on xinmsn
Lady Gaga appeared in Brussels on Monday with singer Tony Bennett to promote their collaborative Jazz album 'Cheek to Cheek.' Duration: 01:06
Date 10 hrs ago, Duration 1:06, Views 141