BUSINESS
09/26/2008 05:12 am ET | Updated May 25, 2011

Armed Pirates Storm Megayacht, Steal Over $200,000

A gang of four masked men boarded a £20million yacht in the Mediterranean and robbed guests and crew of more than £100,000.

The modern-day pirates pulled alongside the 160ft vessel in a speedboat, then stormed aboard wielding handguns and rifles.

They ordered the captain to empty the boat's safe, then told the nine guests - who had paid £130,000 for their one-week charter - to hand over their cash and valuables.

Pirates boarded the £20 million Cayman Islands-registered Tiara yacht and robbed nine terrified guests of more than £100,000 cash

Within ten minutes, the gang were back in the speedboat, making their escape. They stole cash, gold watches, jewellery and several artworks, police said.

A spokesman for the French coastguard said that no shots had been fired and no one was hurt in the robbery.

The yacht, called Tiara, was anchored several miles off southern Corsica when the raid happened on Sunday night.

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