1MDB-Linked Superyacht Is For Sale Again With a Bigger Price Tag
1MDB-Linked Superyacht Is For Sale Again With a Bigger Price Tag
(Bloomberg) -- The 300-foot luxury yacht once owned by Malaysia’s fugitive financier Low Taek Jho is back on the market.
The boat, formerly known as Equanimity, was seized from Low last year as part of Malaysia’s efforts to recoup about $4.5 billion allegedly embezzled from troubled state company 1MDB. The U.S. Justice Department said more than $250 million in laundered funds were used to buy Equanimity.
The Malaysian government struggled to find buyers before the yacht was purchased in April by Genting, at what Low described as a deal done at a “bargain-basement sale price.” Low has denied wrongdoing.
Camper & Nicholsons described Tranquility as an “outstanding” superyacht that “benefits from the finest aesthetics and technical standards.” In a 31-page brochure filled with images of the yacht’s interior, it listed some of the awards the vessel clinched, including as a finalist at the World Superyacht Awards in 2015.
Camper & Nicholsons didn’t immediately respond to an email outside of business hours to confirm Tranquility’s asking price.
--With assistance from Shamim Adam.
To contact the reporter on this story: Anuradha Raghu in Kuala Lumpur at araghu3@bloomberg.net
To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Stanley James
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