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Italy Foils Sale of $18M Yachts to Dear Leader

By Rob Quinn,  Newser Staff

Posted Jul 23, 2009 8:22 AM CDT

(Newser) – Italian authorities believe they have torpedoed Kim Jong-Il's hopes of acquiring a pair of new luxury yachts, the Financial Times reports. The sale of the $18 million yachts, which would have violated international sanctions, was blocked after investigators traced the contract to North Korea. Authorities...   Read full story »

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