The Hawaii Board of Land and Natural Resources voted Friday to settle an agreement with the owner of a 197-foot yacht found to have damaged coral in 2018.

The Formosa. DLNR

The Formosa Wealth Management Group has been ordered to pay $100,000, which will go to the DLNR Division of Aquatic Resources to support coral reef management and restoration in West Hawaii.

According to a press release Tuesday, the Formosa dropped an anchor on coral in Kailua Bay on Hawaii island.

The vessel violated Hawaii Administrative Rules by breaking and damaging approximately 431 coral colonies of stony coral and 150-square feet of live rock.

“DAR aquatic biologists were made aware of the incident by employees of the Atlantis Submarine who also witnessed and documented damage,” said the press release. “After anchoring on the reef, the boat later moved into deeper water and anchored in sand.”

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