Times Caribbean has formally retracted its March 12, 2025 article titled “MILLIONS MISSING? ANTIGUA’S PRIME MINISTER FACES HEAT OVER MEGAYACHT SALE MYSTERY,” acknowledging inaccuracies in its reporting on the Alfa Nero yacht sale controversy.

“Times Caribbean wishes to issue a retraction regarding the article published on March 12th, 2025,” the media outlet stated in its official retraction notice. “The article, which was based on information provided by the Associated Press, inaccurately represented details surrounding the ongoing court case related to the sale of the Alfa Nero yacht.”

The publication explained that its reporting relied on an Associated Press report authored by Dánica Coto concerning a lawsuit filed in a United States Federal Court in Puerto Rico. While the content was directly quoted from the Associated Press article, Times Caribbean acknowledged potential misinterpretations in their coverage.

“We acknowledge that some details within the article may have been misinterpreted or not fully clarified, and we deeply regret any confusion caused by the publication,” the retraction continued.

The retraction comes following Antigua and Barbuda Prime Minister Gaston Browne’s threat of legal action earlier today in response to the Associated Press report and subsequent articles questioning the financial aspects of the yacht sale.

“I have asked my attorneys to determine if this article is defamatory. If so, St Kitts Nevis Times and others, regionally and internationally, will get their opportunity in court to prove that millions are missing from the Alfa Nero sale and precisely who benefited,” Prime Minister Browne stated on his Facebook page.

The controversy stems from a lawsuit filed in Puerto Rico regarding the Alfa Nero yacht purchase. According to the Associated Press article, attorneys representing Yulia Guryeva-Motlokhov, daughter of U.S.-sanctioned Russian billionaire Andrey Guryev, have sought access to financial records of several Antiguan officials, including Prime Minister Browne, his family members, the country’s accountant general, and its port manager.

In concluding its retraction, Times Caribbean offered: “We apologize for any harm or misrepresentation this may have caused and want to emphasize that our intention was to accurately reflect the news as presented by the Associated Press. We have now updated our coverage to ensure it aligns more closely with the verified details of the case.”

The publication affirmed its commitment to “delivering accurate and fair reporting moving forward.”