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A $ 700 million luxury yacht with a connection to Putin was seized by Italian authorities

Scheherazade, one of the largest superyachts in the world, anchors in the Bodrum district of Mugla, Turkey, on August 16, 2020.

Osman Uras / Anadolu Agency via Getty Images

  • A $ 700 million luxury mega-yacht affiliated with Putin is frozen, according to Italian authorities.
  • An Italian police investigation found significant links between the ship and the Russian government.
  • The yacht, called Scheherazade, appeared to be ready to sail after being reflooded on Tuesday.
  • For more stories go to www.BusinessInisder.co.za.

A $ 700 million luxury megayacht with relations with Russian President Vladimir Putin has been seized, This was announced by the Italian authorities on Friday.

An Italian police investigation found significant links between the ship, called Scheherazade, and the Russian government, authorities said.

Scheherazade seemed to be ready to sail after being loaded with food and supplies and revived on Tuesday, possibly in an attempt to leave before it could be seized. The 459-foot vessel spent the previous nine months in a dry dock in the Tuscan port of Marina di Carrara, It reported the New York Times.

A former crew member told The Times that there were talks that Putin was potentially the owner of the yacht, but Italian authorities did not specify whether Putin owned the ship.

Scheherazade is among the latest Russian-owned megayachts that have been seized as a result of sanctions imposed after Russia’s invasion of Ukraine.

Amadea, a $ 300 million superyacht owned by the sanctioned Russian oligarch Suleyman Kerimov, was also seized by officials in Fiji this week.

A $ 700 million luxury yacht with a connection to Putin was seized by Italian authorities

Source link A $ 700 million luxury yacht with a connection to Putin was seized by Italian authorities

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