Italian Yacht Builder Ferretti Is Involved in an Espionage Case

International intrigue at one of the world’s largest yacht builders? 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…