A superyacht formerly owned by sanctioned Russian tycoon Dmitry Pumpyansky sold at auction in Gibraltar on Tuesday, according to Reuters.
JPMorgan successfully argued in a court in the British overseas territory at the time that Pumpyansky did not pay a $20.6 million loan.The yacht was auctioned by the Gibraltar Admiralty Court through a system of closed and confidential bids that were sent electronically, according to Reuters.
The ship attracted at least 63 bids, and information on the sale will be released in around two weeks after the sale is completed, according to
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