The Triton

Editor's Pick

Megayacht impounded over unpaid crew wages

ADVERTISEMENT

M/Y Indian Empress, a 312-foot (95m) Oceanco owned by Indian multimillionaire Vijay Mallya, has been impounded in Malta following allegations that the businessman failed to pay the crew more than $1 million in wages, according to news reports.

The yacht was boarded by port officials and prevented from leaving Malta on March 6. More than 40 crew have not been paid since September, when Mallya abandoned the ship, according to Malta Independent.

Nautilus International, a maritime professionals’ trade organization based in London, had the yacht arrested while it works to recover an additional $330,000 in unpaid wages and other costs on behalf the more than 40 crew. Crew back-wages vary from $6,250 to more than $92,000 per individual, according to a press release from Nautilus.

Mallya, co-owner of the Force India Formula One team, was arrested in London in 2017 over allegations he supported his F1 team with money-laundered cash. He also stands accused of fraudulently palming off losses from his now-defunct Kingfisher Airlines onto banks by taking out loans, Reuters news agency has reported.

Indian authorities are seeking his extradition to face trial in India. Mallya denies the accusations and is out on bail pending an extradition hearing scheduled in April.

M/Y Indian Empress is registered on the Isle of Man and estimated to be worth $93 million, according to Reuters. The yacht was launched in 2000 as M/Y Al Mirqab and was previously owned by the Qatari royal family.

Related Posts...
Newport Shipyard’s annual Pumpkin Regatta raised over $3,600 for three Read more...
Co-founder of Microsoft and large yacht owner Paul Allen died Read more...
A storm surge washed S/Y Sila Sibiri on shore in Read more...
The Yacht Group plans to open a new showroom at Read more...
More than 800 captains, crew and industry professionals attended the Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Editor’s Picks

Multi-yacht owner Paul Allen dies

Multi-yacht owner Paul Allen dies

Co-founder of Microsoft and large yacht owner Paul Allen died yesterday from complications of non-Hodgkin's lymphoma. He was well-known …

New plans emerge for old Summerfield yard

New plans emerge for old Summerfield yard

By Dorie Cox The Hix Snedeker Companies of Daphne, Alabama, is scheduled to meet with Fort Lauderdale city officials in November to …

Yacht industry gathers for Triton Expo

Yacht industry gathers for Triton Expo

More than 800 captains, crew and industry professionals attended the Triton Expo in October at ISSGMT in Fort Lauderdale. Fifty businesses …

No rent, cable, electric bills equals savings by the boatload

No rent, cable, electric bills equals savings by the boatload

I am a former yachtie who still has saltwater running through his veins. As many of you know, it’s been a few years since I worked on …