Family members of dead and missing passengers onboard the sunken ferry Sewol, yell out toward the sea at a port in Jindo May 20, 2014. REUTERS/Yonhap
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South Korean prosecutors offered a cash reward of almost $50,000 on Thursday for information on a fugitive billionaire wanted in a probe into last month's ferry disaster that killed hundreds.The office confirmed reports that anyone reporting Yoo to authorities could claim a cash reward of 50 million won.The billonaire's son is also being sought for questioning after ignoring an official summons.Yoo, who has described himself as an artist and photographer, has a colourful and chequered past. He was once convicted of fraud when a company under his control went bankrupt.Five Chonghaejin officials have already been arrested for possible criminal negligence.
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