(Image courtesy of Oceanografia)
Oceanografia creditors have seized a vessel used as collateral for debt issued by the company.

Oslo-based Norsk Tillitsmann is preparing to sell the ship, OSA Goliath, to recoup funds for lenders.

The ship was seized on Friday in Aruban waters on Norsk Tillitsmann’s request, a notice on the company’s site said.

Oceanografia has not commented on the seizure.

The company is in the middle of an alleged fraud against Citibank.

Citigroup uncovered at least $400 million in bogus loans to Oceanografia’s Mexican subsidiary Banamex.

Mexico’s government has seized control of Oceanografia as its criminal investigation continues.