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1MDB case: Scam hit superyacht up for sale at USD 126 mn


Devdiscourse News Desk Kuala Lumpur
Updated: 03-04-2019 08:42 IST
1MDB case: Scam hit superyacht up for sale at USD 126 mn

The superyacht Equanimity is among assets allegedly bought by fugitive financier Low Taek Jho and his associates with money taken from the fund, the U.S. and Malaysian officials have said. Image Credit: Pixabay

Malaysia has agreed to sell a superyacht linked to a multi-billion dollar scandal at state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, the country's attorney general said on Wednesday.

The superyacht Equanimity is among assets allegedly bought by fugitive financier Low Taek Jho and his associates with money taken from the fund, the U.S. and Malaysian officials have said. Low allegedly paid $250 million for the yacht, which has an interior clad in marble and gold leaf, a spa and sauna, a 20-metre (66-ft) swimming pool, a movie theatre and helipad.

(With inputs from agencies.)

COUNTRY : Malaysia