A Greek shipowner was behind an elaborate plan to have men pose as pirates and set fire to his own tanker off the coast of Yemen in order to collect $77 million in insurance money, a judge has ruled
Judge Nigel Teare said Marios Iliopoulos, who is now the chief executive of Greek ferry company Seajets, coaxed the Brillante Virtuoso’s captain, the engineer, several Yemeni coast guard members and a Greek salvage company to torch the vessel.
The ruling also ends years of legal claims by Suez Fortune Investments, the tanker’s operator which was linked to Mr. Iliopoulos, to force the insurers to pay out. According to the court papers, the men fired shots on the bridge and detonated an explosive device in the fuel purifier room, starting a fire which spread to the engine room with the use of fire accelerants.
Judge Teare said that some “parts of the canvas remain blank” to directly link Mr. Iliopoulos to the plan to set the tanker on fire.
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