Shahzada Dawood, a billionaire among the five people aboard a missing submersible vessel, obtained his Maltese citizenship in 2016.
The 48-year-old comes from one of Pakistan’s wealthiest families and serves as the vice-chairman of Engro Corporation.
Times of Malta revealed that he went on to obtain his citizenship along with his parents, with other family members following suit. The business tycoon and his 19-year-old son Suleman were aboard the Titan, a small submersible vessel which was exploring the Titanic shipwreck.
The vessel went missing on Sunday off the coast of Newfoundland, Canada, leading to a massive search and rescue operation.
Latest developments reported underwater banging sounds being detected in the North Atlantic where the craft vanished. However, the search is facing complications due to the crushing depths of the water given that the vessel is submerged in hard to reach areas.
Dawood and his son were joined by British billionaire explorer Hamish Harding, former French navy diver Paul Henry Nargeolet and CEO of OceanGate Stockton Rush, the company behind the expedition.
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