A super-yacht allegedly bought with stolen money from Malaysia's scandal-hit state investment fund 1Malaysia Development Berhad is set to be sold at a discounted price to casino operator Genting, The Star newspaper reported Wednesday.
The vessel was formerly owned by Low Taek Jho — a Malaysian financier charged with money laundering related to the multi-billion dollar 1MDB scandal. Jho Low, as he's commonly known, allegedly bought Equanimity with money stolen from the 1MDB fund. The offer from Genting was the best offer the Malaysian government had received over the five months since Equanimity was put up on sale, The Star Online said.
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