Yacht once owned by French tycoon Tapie sinks after fire in Malaysia

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 The four-masted, 75-metre, multi-millon-dollar luxury yacht Phocéa, once a prized asset of shamed French tycoon Bernard Tapie, has sunk off the Malaysian holiday island of Langkawi.

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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, reports FRANCE 24.