A Danish submarine owner has appeared in court over the disappearance of a Swedish female journalist who had been on board his vessel before it sank.
The 40-ton, 18-meter long Nautilus, one of three subs built by Madsen, is now sitting under 7m (24ft) of water with divers unable to enter it safely.
"I am fine, but sad because Nautilus went down", Madsen told Denmark's TV2 channel, which aired footage of him getting off what appeared to be a private boat and giving a thumbs-up sign.
Kristian Isbak, who had responded to the Navy's call to help locate the ship on Friday, told The Associated Press he first spotted Madsen standing wearing his trademark military fatigues in the submarine's tower while it was still afloat. "It is with a great concern that we, her family, received the news that Kim is missing after an interview with Peter Madsen in Denmark", the statement said.
Peter Madsen was picked up by cops on Friday on preliminary manslaughter charges and has denied responsibility for the fate of 30-year-old Kim Wall.
"After that it took 30 seconds for Nautilus to sink". "But I guess that was pretty good, because I otherwise still would have been down there".
However, Swedish police said later on Friday they were investigating the whereabouts of a missing woman who had been on the submarine at some point.
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The police in Sweden said they had tried without success to contact her by phone and that her family had not heard from her.
Authorities were alerted that something had gone wrong with the submarine by Miss Wall's boyfriend after she failed to return home, prompting a major search operation involving two helicopters, three ships and several private boats.
According to the Copenhagen Post, a search of the vessel is likely to be carried out once it has been towed to port later on Saturday.
Madsen's company RML Spacelab is seeking to send people into space and is developing a rocket, floating launch pad and astronaut testing machine, its website says.
"The undersea world is close, it's lovely, always just around the corner in Denmark".
The Nautilus set out from Refshale Island, a former shipyard redeveloped as an entertainment and activity spot, at about 7 p.m. local time on Thursday, according to a police timeline. It was expected to arrive in the Danish capital by the end of the evening, said a police statement.
The Navy said the sub was seen sailing, but then sank shortly afterwards.