KUALA LUMPUR: A superyacht linked to a multi-billion dollar corruption scandal at 1Malaysia Development Berhad (1MDB) is up for sale, according to a listing by the yacht broker. The superyacht Tranquility, earlier known as the Equanimity, is currently owned by resorts operator Genting Malaysia Bhd which bought it from the Malaysian government in April for US$126 million (RM575.5 million). The superyacht is among assets allegedly bought by fugitive financier Low Taek Jho, or Jho Low, and his associates with money taken from 1MDB, US and Malaysian investigators have said. 1MDB, a now-defunct fund, is being investigated by at least six countries for money laundering and corruption. Prime Minister Tun Dr Mahathir Mohamad, after his stunning victory in last year’s election, has vowed to recover the money allegedly stolen from 1MDB.

Source: New Strait Times October 20, 2019 02:37 UTC