Wednesday, June 11, 2025

Bugging Devices Found at Italian Yacht Builder Ferretti

The Italian Ferretti Group was the setting for a spy-vs-spy scenario that reportedly included private detectives shadowing an executive of the Italian builder’s primary Chinese investor and recording devices hidden in several offices, according to Bloomberg. 

The discovery of this board-level surveillance has prompted two criminal cases, now in the hands of Italian prosecutors. In April 2024, Xu Xinyu, an executive director at Ferretti SpA, noticed two men in an SUV outside Ferretti’s headquarters in Milan... 

Xu also observed the pair following him while visiting hotels in the city, Bloomberg reported. He hired a counter-surveillance company, which reportedly found a listening device and signal amplifier hidden in his office. Other devices were found in the offices of Ferretti’s Chinese-Italian translator and board secretary.

...the Ferretti Group filed its own complaint... “Ferretti SpA considers itself an aggrieved party, having been wronged by the unlawful and improper installation of surveillance devices within its offices,” the statement said. more