Yacht once owned by French tycoon sinks off Malaysia

Seven crew members were saved from the 75-metre Phocea after rescuers were alerted to a fire on Feb 18. - AFP

KUALA LUMPUR, Feb 21 (AFP): A multimillion-dollar sailing yacht that once belonged to French tycoon Bernard Tapie has sunk off the coast of Malaysia, an official confirmed Sunday, after it caught fire a few days ago.

Malaysia's coastguard said the 75-metre (246 foot) Phocea sank near the holiday island of Langkawi early Friday morning, a day after a blaze engulfed the four-masted yacht.