Tag: Equanimity

Superyacht linked to Malaysia’s 1MDB scandal on sale again

A luxury yacht linked to Malaysia's multi-billion-dollar 1MDB scandal is back on the market just months after the government sold it, reportedly for a higher price. The vessel was originally bought by playboy financier Low Taek Jho with US$250 million allegedly stolen from Malaysian sovereign...

Money from 1MDB Deutsche Bank loans used to buy controversial super yacht

The US Department of Justice says 'emergency' loans from Deutsche Bank to Malaysia's 1MDB worth US1.2 billion in 2014 found its way into the hands of those who bought a luxury yacht which became a controversial issue in Malaysia during Najib Razak's reign as...

Jho Low’s 1MDB-linked luxury superyacht gets a new name and is now docked in Singapore

Kuala Lumpur—Fugitive Malaysian businessman Low Taek Jho, more popularly known as Jho Low, was once the proud owner of a luxury superyacht called Equanimity. Seized by the Malaysian government last August and sold for S$170 million (US$126 million) earlier this month, the super yacht...

Jho Low’s super yacht Equanimity sold for US$126 million

Petaling Jaya—Equanimity, the luxury superyacht that belonged to the fugitive financier at the heart of the 1MDB scandal, Low Taek Jho, has been sold for US$126 million (S$170.6 million, RM514 million) to Genting Malaysia Bhd. Malaysia’s Attorney General, Tommy Thomas, announced this in a statement...

Bidding war begins on superyacht Equanimity

Its name means calm and composure but the superyacht Equanimity at the centre of the storm that is the 1MDB scandal is set to ignite a frenzy of biddings as it went up for auction by the Malaysian government on Monday, 29 October 2018....