Ore Huiying | Getty Pictures
Equanimity, the US$250 million luxurious yacht that fugitive Malaysian businessman Low Taek Jho allegedly purchased with funds embezzled from 1Malaysia Improvement Berhad (1MDB) will be seen docked at Port Klangs Boustead Cruise Terminal on August 8, 2018 in Selangors, Malaysia.
A brilliant-yacht allegedly purchased with stolen cash from Malaysia’s scandal-hit state funding fund 1Malaysia Improvement Berhad (1MDB) is ready to be offered at a reduced value to on line casino operator Genting, The Star newspaper reported Wednesday.
The Equanimity, a 91.5-meter luxurious yacht, was offered on Wednesday to Genting Malaysia for $126 million, the Malaysia-based publication cited Lawyer Common Tommy Thomas as saying.
The vessel was previously owned by Low Taek Jho — a Malaysian financier charged with cash laundering associated to the multi-billion greenback 1MDB scandal. Jho Low, as he is generally recognized, allegedly purchased Equanimity with cash stolen from the 1MDB fund.
Malaysia had initially anticipated the seized yacht to be offered for a minimum of $130 million — or roughly half of its authentic value — however was unable to take action by its March 31 deadline, the newspaper reported.
The supply from Genting was the most effective supply the Malaysian authorities had acquired over the 5 months since Equanimity was put up on sale, The Star On-line mentioned.