Ferry company spent $2 last year on training

Posted: June 21, 2014 at 3:10 a.m.

GWANGJU, South Korea -- Prosecutors on Friday said the chief executive officers and four employees of the operator of a sunken South Korean ferry caused the accident by overloading the ship with poorly stowed cargo after a risky redesign and neglecting safety by spending less than $2 last year on crew training.

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