A yacht of Microsoft co-founder Paul Allen reportedly destroyed about 14,000 square feet (1,300 square meters) of protected coral reef in the Cayman Islands. The anchor and chain of multi-billionaire Allen's 300-foot (91-meter) Tatoosh has been accused of destroying 80 percent of the coral in the area that has been officially protected for three decades. Allen was reportedly not on board during the big boat's accident.  

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Allen's investment firm Vulcan has released an official statement. It claims that on the day of the damage (January 14) the crew was following the orders of the local Port Authority.

The crew also shared that when a diver reported that the yacht's chain might have affected coral in the region, the crew changed the yacht's position, according to Tech Crunch. It was done to protect the reef.    

Vulcan's statement also claimed that the company and Allen have a long history of ocean conservation. It includes a research project to restore coral reefs.

Allen's foundation conducts work to support marine conservation and reduce overfishing. The damage to the reef could result in a fine up to $600,000 if Allen's yacht is judged o be responsible for the damage.  

Tatoosh contains many luxury features. They include a basketball court, movie theater, swimming pool, and helicopter pads.

Allen owns a bigger yacht named Octopus. Its features include a recording studio, two helicopters, and accommodations for 26 guests in over 40 suites.  

During recent years other big vessels have had problems in the Cayman Islands. In 2014 a Carnival Cruise ship damaged a portion of the George Town harbor, and last year  the Zenith cruise ship destroyed a large area of coral reef but no fines were charged.     

A spokesperson for the Cayman Island's department of environment stated that it is focusing on lessons learned from past accidents. It will help it to prevent accidents when yachts visit the region.

Paul Allen and Bill Gates founded Microsoft in 1975. Forbes estimates Allen to have a net worth of $17.4 billion.  

Local authorities are now performing an investigation. Vulcan has reported that it is helping with the investigations of the damage caused by Allen's yacht, according to The Guardian.