Italy Foils Sale of $18M Yachts to Dear Leader

By Rob Quinn,  Newser Staff
Posted Jul 23, 2009 8:22 AM CDT
Italy Foils Sale of $18M Yachts to Dear Leader
North Korean leader Kim Jong Il claps while visiting Taedonggang Tile Factory, in North Korea.   (AP Photo/KRT via APTN)

(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 say they have no proof the vessels were destined for the country's ailing leader, although the list of North Koreans able to afford multimillion dollar yachts is a very short one.
(Read more international sanctions stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X