Italian Yacht Builder Ferretti Is Involved in an Espionage Case

Italian Yacht Builder Ferretti Is Involved in an Espionage Case

The criminal complaints of spying were filed after illegal listening devices allegedly were found in a Chinese executive's office.

Luxury Yacht Maker For The World’s Super-Rich Faces Two Criminal Investigations

Image for representation purposes only Italian luxury yacht maker Ferretti SpA, known for building high-end vessels for the world’s super-rich, is facing two criminal investigations after surveillance devices were found at its Milan headquarters in April 2024. According to people familiar with the matter, Xu Xinyu, an executive director at Ferretti and board member representing Chinese majority owner Weichai Group, became suspicious after notici…

Yacht Builder To The World's Super-Rich Caught Up In Spy Claims

By Daniele Lepido Jun 6, 2025 (Bloomberg) –In early April 2024, Xu Xinyu, an executive director at Ferretti SpA, noticed an SUV and two strange men lingering outside the elegant 18th...