• May 25, 2019

Malaysia to sell 1MDB-linked superyacht for $126 million


Seized luxurious yacht Equanimity, belonging to fugitive Malaysian financier Low Taek Jho, is delivered to Boustead Cruise Terminal in Port Klang, Malaysia August 7, 2018. REUTERS/Lai Seng Sin

KUALA LUMPUR (Reuters) – Malaysia has agreed to promote a superyacht linked to a multi-billion greenback scandal at state fund 1MDB to on line casino operator Genting Malaysia Bhd for $126 million, the nation’s legal professional basic stated on Wednesday.

The superyacht Equanimity is amongst property allegedly purchased by fugitive financier Low Taek Jho and his associates with cash taken from the fund, the U.S. and Malaysian officers have stated.

Low allegedly paid $250 million for the yacht, which has an inside clad in marble and gold leaf, a spa and sauna, a 20-meter (66-ft) swimming pool, a movie show and helipad.

Reporting by A. Ananthalakshmi; Enhancing by Paul Tait

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