The 300-foot yacht known as Equanimity was recently seized from financier Jho Low due to the global investigation occurring into the 1MDB scandal. As a result of the corruption scandal, in which billions of dollars were allegedly embezzled from a Malaysian state fund set up by Prime Minister Najib Razak, the reassessed items have been hard to resell. The most highlighted asset of these however, has been M/Y Equanimity. Jho Low, who is the most profiled figure linked to the scandal had previously owned the yacht, allegedly bought with $250 million dollars worth of stolen funds. Prior attempts to sell the yacht on part of the Malaysian government had first attempted to sell it by auction, but the association to the scandal downplayed the seriousness of the offers being given. In auction, it failed to even reach a price of $139 million.
However, recently the Malaysian government has come across a new buyer, and has agreed to sell it to Genting Malaysia for $126 million dollars, which is less than half the initial cost. Genting Malaysia is a premier leisure and entertainment resort, which has led many to question the buyer’s intentions with the yacht. The yacht luxuriously features a marble and gold leaf interior, a swimming pool, gym, 11 cabins, Turkish bath, cinema, beauty treatment suite, and a helipad!
This yacht is among many different assets that were allegedly spent illicitly with 1MDB funds. With it, includes artwork from Monet and Van Gogh, a rare 22-carat pink diamond necklace, and a see-through piano. Jho Low is a more than generous giver of gifts. It has been reported that Low had given the piano to supermodel Miranda Kerr. As well as a $3.2 million Picasso painting to Leonardo DiCaprio. Both celebrities have handed over their extravagant gifts to the authorities.
Image credit: Sabung.hamster aka Everyone Sinks Starco courtesy of: Wiki License
