Back to News
investment

Oil Tycoon’s Superyacht Left French Coast Days Before Sanctions

Bloomberg Markets
Loading...
1 min read
1 views
0 likes
Oil Tycoon’s Superyacht Left French Coast Days Before Sanctions

Summarize this article with:

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A superyacht owned by Murtaza Lakhani departed from the French Riviera late last week, just days before the Pakistani trading tycoon was sanctioned by the European Union, according to people familiar with the matter and ship tracking data compiled by Bloomberg.Mrs L, as the 51 meter (167 feet) luxury craft is known, had been moored in Cannes for a number of weeks but left for the Tunisian coastal city of Bizerte on Dec. 11, tracking data show. Four days later, the EU added Lakhani to the bloc’s sanctions list for his alleged role in the Russian oil trade, freezing his assets within the European Union.

Read Original

Source Information

Source: Bloomberg Markets