Malaysia to sell 1MDB-linked super yacht

Reuters
Malaysia Published: Apr 03, 2019, 09:35 AM(IST)

Luxury yacht Equanimity Photograph:( Reuters )

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Low allegedly paid $250 million for the yacht, which has an interior clad in marble and gold leaf, a spa and sauna.

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 US 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.

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