A London court has ordered the seizure of M/Y Luna, a 377-foot (115m) explorer yacht built by Lloyd Werft in 2010 and currently impounded in a dry dock in Dubai, according to a report in Bloomberg news. The court ordered that Russian billionaire Farkhad Akhmedov should transfer ownership of the yacht, reportedly worth $492 million, to ex-wife Tatiana Akhmedova, who lives in London with the couple’s children.
The judge said that Akhmedov tried to hide his ownership of Luna behind a group of companies and moved the yacht to Dubai in the belief that it was beyond the reach of an English court, Bloomberg reported.
The nine-deck yacht, which has 50 crew and two helipads, was originally built for Russian billionaire businessman and investor Roman Abramovich. It’s flagged in the Marshall Islands and was purchased by Akhmedov in 2014, the same year his marriage ended. In 2016, Akhmedov was ordered to pay his wife $646 million in one of the largest divorce payouts in U.K. history.
To read the Bloomberg story, click here.