Information suggests the sinking began at around 5am on 20 August, after running aground on a reef. The incident reportedly occurred when the yacht collided with a reef between the popular Greek seaside destinations Platis Gialos and Psarrou and that she was almost entirely submerged by sunrise.
The Mykonos Port Authority refuses to comment or release any confirmed information, Port officials arrived on the scene this morning and have opened an investigation.
A definitive cause for the yacht sinking has not yet been established and SuperyachtNews.com has been unable to confirm the reports that have emerged claiming that the incident was the result of an electrical failure triggering on board safety equipment to malfunction.
As yet there have been no reports of casualties.
SuperyachtNews.com will keep readers updated and reveal any further developments.
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