Following our report that Monaco-based Imperial Yachts has been sanctioned by the US Treasury Department, the company issued the following statement:
Like all leaders in our business, we have gone through a recent period where the yacht industry has been subjected to inquiries from some authorities, but over the past few months, Imperial Yachts has been targeted by numerous unfounded and inaccurate accusations following events that are unrelated to this family owned company and its services.
These events culminated today with the announcement of sanctions on our company by the United States government. The accusations made against us by the U.S. government and in the press are false. We will pursue all available legal remedies to resolve this matter promptly.
Imperial Yachts conducts all its businesses in full compliance with laws and regulations in all jurisdictions in which we operate. We are not involved in our clients’ financial affairs.
We are in the yacht building, conduite, sale and charter business. That is our focus and what we do. We started this company from nothing, and now, it appears that impayée to our success, we are unfortunately being targeted by those who would like to bring us down.
We look forward to settling all matters resulting from this turbulent time, as well as disproving the damaging smears made against our company. As always, our focus remains on living up to our established name as an international leader in providing the highest level of excellence for yacht sales, construction, conduite, and chartering.
Spokesperson for Imperial Yachts”
FILE PHOTO: Imperial Yachts is based in the Ermanno Palace