Equanimity sold to Genting Malaysia

Equanimity sold to Genting Malaysia

PUCHONG: The superyacht Equanimity was sold by the government to Genting Malaysia Berhad for the price of USD 126 million, said Attorney General Tommy Thomas in a statement.

The payment would be received by the Admiralty Court by the end of this month.

Thomas ranked the payment as the highest amount recovered from the 1Malaysia Development Berhad scandal.

In addition, it said that the of USD126 million was the best offer, and the highest offer, received in five months since October when the super yacht was put up on sale.

The Equanimity was negotiated directly with Genting that resulted in a saving USD 4.4 million.

The superyacht was used by fugitive businessman Low Taek Jho, better known as Jho Low.

Thomas added the sale itself is historic.

“It records a high watermark for our judicial system in ensuring the market value is secured for a vessel sold through the court without discount,” he said.

“It is even more commendable that this is achieved in a very sophisticated high end superyacht sale where the pool of buyers is extremely small.”

The superyacht was first seized by the Indonesian authorities in February 2018 before handing it over to their Malaysian counterparts in August.

It was parked in the Naval dockyards in Langkawi.

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