The ‘Gio 2’, a superyacht belonging to Yorgen Fenech, has been put on sale to the tune of €4 million.

Quoting the Superyacht Times, The Times of Malta made reference to an advert showing the sale despite Fenech purchasing the yacht around a year ago at €5.5 million.

It should be noted that this is not Gio, the yacht that was intercepted by AFM patrol boats, which is actually owned by the entire Fenech family having belonged to Yorgen’s late father, George.

Purchased in 2018, the 26-metre-long Ferretti Yachts vessel was listed on the site by Ventura UK Limited. Registered in Italy, the yacht can sleep 8 guests and take on a crew of 3.

The Gio 2 is currently berthed in France, just west of Nice.

At 5:45 am on 20th November, AFM patrol boats intercepted Gio leaving the marina, less than 24 hours after Prime Minister Joseph Muscat announced that he recommended a pardon for the middleman in the assassination of journalist Daphne Caruana Galizia.

He has been named as the main suspect in the case.

Fenech is the owner of 17 Black, the Dubai-based company that was allegedly set up to transfer millions to the Panamanian companies owned by former energy minister Konrad Mizzi and the Prime Minister’s chief of staff Keith Schembri.

He is also the director of Electrogas, the firm which operates Malta’s new gas-fired power station. The power station was a critical electoral pledge in Labour’s campaign to take government in 2013 and was under Konrad Mizzi’s remit back when he was Energy Minister.