Luxury yacht Equanimity, allegedly purchased with funds embezzled from investment company 1Malaysia Development Bhd, or 1MDB, is on sale for $130 million after failing to move in a month-long auction.
The Admiralty Court in Kuala Lumpur is proceeding with the second stage of the sale of the 91-metre superyacht Equanimity, once owned by fugitive financier Jho Low, Malaysia newspaper «The Star» reported Thursday.
The $250 million yacht, which investigators allege was among the $1.7 in assets purchased with funds siphoned from embattled Malaysian state fund 1MDB by Low and his associates, will go on sale for no less than $130 million, the newspaper reported, citing lawyer S. Sitpah, who is representing the government.
No Acceptable Bids
The yacht, which was put up for auction 29 October by luxury yacht broker Burgess, failed to garner any acceptable offers when bidding ended on 28 November, according to a press statement released by the legal team in charge of the sale.
Built by Dutch boatmaker Oceanco in 2014, Equanimity has one master room, four VIP staterooms, and four double cabins, and can comfortably accommodate 26 guests and 30 crew. Its onboard facilities include a Turkish bath, steam room, beach club, helicopter landing pad and more. The sale of the boat will close by 31 March 2019.
