BREAKING NEWS

Superyacht linked to Malaysia's 1MDB for sale, again

Superyacht linked to Malaysia's 1MDB for sale, again
FILE PHOTO: Seized luxury yacht Equanimity, belonging to fugitive Malaysian financier Low Taek Jho, is brought to Boustead Cruise Terminal in Port Klang, Malaysia August 7, 2018. REUTERS/Lai Seng Sin -
Copyright
Lai Seng Sin(Reuters)
Euronews logo
Text size Aa Aa

KUALALUMPUR (Reuters) – A superyacht linked to a multi-billion dollar corruption scandal at Malaysian fund 1MDB is up for sale, according to a listing by the yacht broker.

The superyacht Tranquility, earlier known as the Equanimity, is currently owned by resorts operator Genting Malaysia Bhd <GENM.KL> which bought it from the Malaysian government in April for $126 million.

The superyacht is among assets allegedly bought by fugitive financier Low Taek Jho and his associates with money taken from 1Malaysia Development Berhad (1MDB), U.S. and Malaysian investigators have said.

The 300-foot yacht has an interior clad in marble, a beach club, a Turkish bath, a 20 square metre swimming pool and a helipad, according to a listing by broker Camper & Nicholsons.

The listing did not disclose the asking price for the yacht.

Camper & Nicholsons and Genting did not immediately respond to a request for comment.

The yacht is also available for charter at 1.1 million pounds ($1.43 million) a week, according to the listing.

It is unclear how long the yacht has been up for sale. Media reports on Saturday said Genting was asking $200 million for the yacht.

1MDB, a now-defunct fund, is being investigated by at least six countries for money laundering and corruption.

The U.S. Department of Justice has said about $4.5 billion siphoned from 1MDB was used by Low and his associates to buy the yacht, a private jet, as well as Picasso paintings, jewellery, and real estate.

Prime Minister Mahathir Mohamad, after his stunning victory in last year’s election, has vowed to recover the money allegedly stolen from 1MDB.

Malaysian police have issued an arrest warrant and filed criminal charges against Low, but his whereabouts are unknown. Low has repeatedly denied wrongdoing.

(Reporting by A. Ananthalakshmi; editing by Richard Pullin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.