Wednesday, April 3, 2019

Sold! Equanimity is now Genting’s for US$126 million

KUALA LUMPUR: Putrajaya has agreed to sell a superyacht linked to a multi-billion dollar scandal at state fund 1MDB to casino operator Genting Malaysia Bhd for US$126 million, Attorney-General Tommy Thomas said today.
The superyacht Equanimity is among assets allegedly bought by fugitive financier Low Taek Jho and his associates with money taken from the fund, US and Malaysian officials have said.
Low allegedly paid US$250 million for the yacht, which has an interior clad in marble and gold leaf, a spa and sauna, a 20-metre swimming pool, a movie theatre and helipad.
MORE TO COME - FMT

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