India, Oct. 28 -- James Uthmeier, the attorney general of Florida, announced an investigation into a historic luxury yacht operator, now owned by a Chinese company, for operating too close to a US Coast Guard station in Fort Lauderdale, Florida.

The Ferretti Group, founded in 1968, was acquired by Chinese Shandong Heavy Industry Group (Weichai) in 2012 with around 40% stake currently. The group has been operating their service headquarters in Lauderdale Marine Center since 2020.

But the Ferretti Group landed in a controversy on Wednesday after a reporter with Florida Voice News, a local news outlet, confronted an employee about their links to China, and alleged backing by the Chinese Communist Party.

As the supposed sting operation wen...