M’sia’s government has sold a seized superyacht allegedly bought with money stolen from the 1MDB state fund for US$126m (£95.9m) the BBC reports. The buyer was Genting M’sia, the owner of the only legal casino M’sia.
Equanimity has been moored off the coast for the past five months, on show for potential buyers. The government said the pool of buyers was small, and while many offers were received, only a few topped US$100m. The price was short of the US$250m reportedly paid by Mr Low.
Wonder if Tun and his cabinet users will be regular users of the yacht as guests of Genting? Of course, all the rules will be followed. They don’t want to end up like Najib.
Thoughts of a Cynical Investor 