What Happened on September 7, 1695

English pirate Henry Every and his crew aboard the Fancy capture the armed Mughal trading ship Ganj-i-Sawai in the Arabian Sea, in one of the most profitable raids in history with loot of between £325,000 and £600,000. The East India Company later compensates for the loss after Mughal Emperor, Aurangzeb closed five ports to English trade.