Swiss Billionaire's Superyacht Seized in Mediterranean Over Tax Evasion Charges
GENEVA, SWITZERLAND — Authorities in Monaco have impounded a 120-meter superyacht valued at approximately 300 million euros, owned by Swiss billionaire Hans-Peter Müller, on charges of international tax evasion and money laundering.
What transpired: Maritime police and financial crime investigators stormed the vessel, named the "Aurora Luxe," at dawn on Thursday, citing a European Arrest Warrant issued by the Swiss Federal Criminal Court.
Who is involved: Hans-Peter Müller, 62, a reclusive commodities magnate, faces allegations of hiding assets through shell companies in the Caribbean and the United Arab Emirates. The superyacht, which features a helipad and two swimming pools, is believed to have been purchased using unreported profits.
When this occurred: The seizure happened at 6:30 AM local time on December 5, 2024, as the yacht was preparing to depart for the Bahamas.
Where it took place: Port Hercules in Monaco, a well-known haven for luxury vessels, served as the stage for the high-stakes operation.
Why it matters: This case highlights a broader global crackdown on wealthy individuals using superyachts as tax shelters. Legal experts predict this will set a precedent for asset recovery in white-collar crime investigations, as the yacht is now subject to forfeiture proceedings.