MALLYA’S ISLE OF MAN-FLAGGED “INDIAN EMPRESS” YACHT TO BE AUCTIONED

Superyacht News on 18th May reported that a Malta court has ruled that the 95 metre Oceanco-built motoryacht, Indian Empress, will be auctioned for sale at the Courts of Justice in Valetta on 21st May on the application of Melita Power Diesel.  The owner of the Isle of Man-flagged superyacht, Vijay Mallya, whose business endeavours include the Force India Formula One team and Kingfisher Airlines, was arrested in London on 3rd October at the request of the Indian government, which asked for his extradition to stand trial over an alleged debt of more than £1 billion.   The Indian Empress has been completely abandoned since September 2017, leaving the 40-person crew with months of unpaid wages.

http://www.superyachtnews.com/fleet/95m-my-indian-empress-to-be-auctioned

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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