Luxury superyacht sinks in Greece

A video has captured the moment a 49-metre luxury superyacht sank in Greece with five people on board.

The incident occurred following a GPS malfunction off Kythos Island on Friday night.

The captain attempted to bring the '007' to shore at Kolona Beach but hit the rocks, causing an inflow of water that tipped the vessel.

The passengers were quickly rescued without injury, and an investigation has been launched into the incident.