1MDB-linked superyacht has become trading object

1mdb-linked Superyacht Has Become Trading Object
Equanimity has been renamed Tranquility and put on the market at a 60-per cent premium

A superyacht linked to a multi-billion dollar corruption scandal at Malaysian state fund 1MDB is up for sale again and this time for a much higher price, according to a listing by the yacht’s broker.

Just six months after the luxury vessel was sold for $126 million by the Malaysian government to casino company Genting Malaysia Bhd., yachting company Camper & Nicholsons is listing it for sale, albeit with no set price tag. However, according to insiders, the asking price is $200 million, almost 60 per cent more.

The yacht, formerly known as Equanimity, now goes under the name of Tranquility. It was seized last year from Malaysian “financier” Jho Low, a figure heavily embroiled in the 1MDB embezzlement and money laundering scandal, as part of Malaysia’s efforts to recoup about $4.5 billion in damages. The US Justice Department said more than $250 million in laundered funds were used to buy Equanimity.

The five-year old, 91.5-meter yacht has an interior clad in marble, a beach club, a Turkish bath, a beauty salon, spa, gym, sauna, a 20-square meter swimming pool and a helipad, according to the listing. It can carry 26 guests in 11 cabins and 31 crew and ships under the flag of the Cayman Islands.

Those who are not able to shell out $200 million for the boat immediately can also charter it for a week for $1.23 million. The ship’s last port of call was Genova, Italy as of October 5.

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Equanimity has been renamed Tranquility and put on the market at a 60-per cent premium A superyacht linked to a multi-billion dollar corruption scandal at Malaysian state fund 1MDB is up for sale again and this time for a much higher price, according to a listing by the yacht’s broker. Just six months after the luxury vessel was sold for $126 million by the Malaysian government to casino company Genting Malaysia Bhd., yachting company Camper & Nicholsons is listing it for sale, albeit with no set price tag. However, according to insiders, the asking price is $200 million, almost 60...

1mdb-linked Superyacht Has Become Trading Object
Equanimity has been renamed Tranquility and put on the market at a 60-per cent premium

A superyacht linked to a multi-billion dollar corruption scandal at Malaysian state fund 1MDB is up for sale again and this time for a much higher price, according to a listing by the yacht’s broker.

Just six months after the luxury vessel was sold for $126 million by the Malaysian government to casino company Genting Malaysia Bhd., yachting company Camper & Nicholsons is listing it for sale, albeit with no set price tag. However, according to insiders, the asking price is $200 million, almost 60 per cent more.

The yacht, formerly known as Equanimity, now goes under the name of Tranquility. It was seized last year from Malaysian “financier” Jho Low, a figure heavily embroiled in the 1MDB embezzlement and money laundering scandal, as part of Malaysia’s efforts to recoup about $4.5 billion in damages. The US Justice Department said more than $250 million in laundered funds were used to buy Equanimity.

The five-year old, 91.5-meter yacht has an interior clad in marble, a beach club, a Turkish bath, a beauty salon, spa, gym, sauna, a 20-square meter swimming pool and a helipad, according to the listing. It can carry 26 guests in 11 cabins and 31 crew and ships under the flag of the Cayman Islands.

Those who are not able to shell out $200 million for the boat immediately can also charter it for a week for $1.23 million. The ship’s last port of call was Genova, Italy as of October 5.

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