95m Indian Empress sells at auction

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BEAM Staff
June 30, 2018

Indian Empress, the 95-meter superyacht built for a member of the royal Qatari family, was sold at a public auction in Malta for €43.5 million. This follows the yacht being seized by authorities from its previous owner, Indian billionaire Vijay Mallya, over $1 million in unpaid wages and being put up for auction in Malta according to Yacht Harbour.

The yacht was allegedly abandoned by her owner in September 2017. Much of Mallya’s assets in India and elsewhere have been either seized or frozen as he faces charges over alleged money laundering and defrauding a consortium of Indian banks. Bids for the vessel started at €25 million according to local media.

Mallya reportedly purchased the yacht in 2006 at an asking price of $113 million, later spending another €6.4 million in 2016 to refit the yacht. Featuring deep red and rich gold colours in its interior, the yacht was one of the largest superyachts ever available on the charter market, fetching up to €750,000 per week in the high season.

Built in 2000 by Oceanco in the Netherlands, Indian Empress features a total of 17 cabins, catered by a crew of 33. Stretching across a beam of 14.6m, the yacht has a cruising speed of 14 knots. Amongst its many amenities are a beauty salon, sauna, cinema, gym and an elevator.

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