Genting puts Jho Low’s former yacht back on sale

Updated 4 years ago · Published on 19 Oct 2019 5:43PM · 4 Comments

THE yacht Tranquility – formerly known as the Equanimity and owned by fugitive banker Low Taek Jho – is reportedly back on the market for a cool US$200 million. – The Malaysian Insight file pic, October 19, 2019.

THE yacht Tranquility – formerly known as the Equanimity and owned by fugitive banker Low Taek Jho – is back on the market after a four-month stint as a party venue.

However, owner Genting Group appears to now want to cash in, using brokerage Camper & Nicholson to find interested buyers for the super yacht, at a reported US$200 million (RM837 million).

If accurate, this figure will represent a 63% mark-up on the US$126 million Genting paid the Malaysian government for the yacht in April.

The Tranquility – with rooms for 22 guests, a spa, beauty salon, cinema and gym – was available to rent for £1 million (RM5.27 million) a week, attracting clients like model Kylie Jenner among others.

Low, more commonly known as Jho Low, remains at large, despite police assurances that an arrest is imminent.

He is suspected in siphoning off billions of ringgit from the 1Malaysia Development Bhd sovereign wealth fund, a scandal that has embroiled former prime minister Najib Razak.

The latter is currently on trial at the High Court in Kuala Lumpur for multiple counts of abuse of power and money laundering. – October 19, 2019.

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Comments

  • round tripping corruption

    Posted 4 years ago by Julian Nagelsmann · Reply

  • If Genting manage to offload this vessel off at USD200 million, LGE will be the laughing stock for many years to come.

    Posted 4 years ago by Butter Scotch · Reply

  • Atrocious. This is one good reason Govt shouldnt indulge in fire sale!

    Posted 4 years ago by Khan SM · Reply

    • Government cant afford the upkeep. Was costing tax payers 3 million a month in maintenance fees. Not viable to hold on to it.

      Posted 4 years ago by Elyse Gim · Reply