Genting buys Equanimity for RM514 million

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By John Isaac

The government today recorded its highest recovery to date from the 1Malaysia Development Bhd (1MDB) scandal.

According to reports, the super-yacht, Equanimity has been sold to Genting Malaysia Bhd for RM514.4 million.

Attorney General Tommy Thomas said the Admiralty Court in Kuala Lumpur has approved Genting's offer to purchase the Equanimity on the Sheriff's Terms and Condition.

"The USD$126mil 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 its 1Malaysia Development Bhd (1MDB) scandal, within a mere eight months from the commencement of this action," he said in a statement.