Yacht

The Italian authorities yesterday announced that it has impounded a mega yacht at the centre of a mystery over its ownership as speculation continue to grow that it might even belong to the Russian President, Putin.

Africa Daily News, New York reports that the yacht which is named ‘Scheherazade’ is worth an estimated $700 million. It has been the subject of a probe into its ownership by Italy’s financial police.

Over the last few weeks, the Italian probe has helped ‘establish significant economic and business links between the person who officially possesses the Scheherazade and eminent people in the Russian …