Connect with us


It’s Official: Genting Malaysia is Buying The Equanimity For RM514 Million!


It'S Official: Genting Malaysia Is Buying The Equanimity For Rm514 Million! - World Of Buzz
Source: The Malaysian Insight & Booking

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Earlier this morning (3rd April), it was just announced by Attorney General Tommy Thomas that the infamous luxury superyacht, the Equanimity, will be sold to Genting Malaysia for USD$126 million (approx. RM514 million).

The yacht was allegedly bought by infamous businessman Low Taek Jho (aka Jho Low) for USD$250 million (approx. RM1 billion). It is believed that the money used to purchase this yacht came from the 1Malaysia Development Berhad (1MDB).

An excerpt from Tommy Thomas’ media statement announcing the sale of the superyacht reads,

“The Government of Malaysia is pleased to announce that the Superyacht Equanimity is to be sold to Genting Malaysia Bhd or its special purpose vehicle (SPV) company at the price of USD 126 million. The Admiralty Court in Kuala Lumpur today approved for acceptance, the offer by Genting to purchase the Equanimity on the Sheriff’s Terms and Conditions.”

“The USD 126 million purchase price will be paid by Genting, and received by Court, by the end of April 2019. This will rank as the highest recovery to date for the Government of Malaysia from the 1MDB scandal; within a mere 8 months from the commencement of this action.”

The Equanimity was brought to Malaysia in August 2018 after it was previously impounded by Indonesian authorities under the request of the United States authorities as part of the Department of Justice’s (DoJ) investigations earlier in February of the same year.

What do you think about this latest development? Let us know in the comments section!


Also read: Equanimity, The RM1 Billion 1MDB-Linked Superyacht Will Be Returned To Malaysia

Equanimity, The Rm1 Billion 1Mdb Yacht, Is Coming Back To Malaysia - World Of Buzz 6

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Feat Image Low Flying Aircraft Feat Image Low Flying Aircraft
News9 hours ago

Don’t Panic! Here’s Why You’ve Been Seeing Low Flying Royal Military Aircraft in Klang Valley Lately

If you’re living or working in and around Klang Valley, you may have noticed that the airspace has gotten slightly...

Collage 7 1 Collage 7 1
News9 hours ago

PDRM Investigates Viral Man Who Threw Tantrum in Subang Restaurant After Worker Called Him Uncle

The way you address certain figures, especially those with fame can be sensitive. If you’re in your 20s or early...

Feat Image Pakyu Kj Bung 1 Feat Image Pakyu Kj Bung 1
News11 hours ago

“Pakyu” – KJ Dubs Bung Moktar ‘Enemy of Public Health’, Reveals His Opposition to Anti-Smoking Law

Since his defeat in the 15th General Election (GE15) in an unfavourable seat and subsequent expulsion from UMNO, former Health...

Feat Image Haze Feat Image Haze
News15 hours ago

Indonesian Minister Assures That Haze Originating From The Country is No Longer an Issue

Over the past decade or so, several parts of our country recorded unhealthy air quality due to transboundary haze originating...

Collage 4 1 Collage 4 1
News16 hours ago

PDRM Arrests Viral Man in Perak Who Smacked a Lady Driver on Her Head, Here’s His Side of the Story

Whatever happens, things can be discussed in a civil manner and once you get physical, chances are the blame might...

Collage 3 1 Collage 3 1
News1 day ago

15cm Iron Metal Pierces Through 12yo Kid’s Buttocks After He Slipped Trying to Climb Over Fence

This might be a nightmare fuel to many of you and you might feel the pain even by just reading...

Collage 1 1 Collage 1 1
News2 days ago

“My terms & conditions” – KJ Hints at Possibility of His Return into Politics & Forming His Own Party

Ever since Khairy Jamaluddin became a radio DJ, some people have been wondering if he’ll ever return to politics since...

Collage 2 Collage 2
News2 days ago

Travellers from S’pore Encounter Fake Cops During “Car Chase” on JB Highway, PDRM Investigates

It’s a criminal offense to masquerade as a police personnel but some people still think it’s cool to impersonate a...


Latest Videos