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FBI seizes $250 MILLION megayacht linked to 1MDB

The Independent
By The Independent

Saying the 1MDB case in Singapore is ‘hearsay’, the netizens in Malaysia are waiting to hear from the authorities about the FBI’s seizure of a megayacht linked to the mega-scandal.

The yacht was seized off the coast of Bali, Indonesia, by the FBI as part of $540million in assets allegedly bought with money from Malaysian government fund.

The 300-foot vessel is owned by Malaysian financier Jho Low, accused of embezzling state funds.

The vessel has an interior clad in marble and gold leaf, a spa and sauna, a 66-foot swimming pool on deck, a movie theatre, a lift and a helipad, said the Daily Mail yesterday.

The US Justice Department says more than $4.5 billion was stolen from the fund, set up in 2009 by Malaysian Prime Minister Najib Razak.

Najib was embroiled in the scandal when it emerged that nearly $1 billion had passed through his personal bank accounts.

He and the fund deny any wrongdoing.

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