Alva Review-Courier -

Malaysia launches sale of superyacht linked to graft scandal


October 28, 2018

KUALA LUMPUR, Malaysia (AP) — Malaysia's government has launched a one-month auction for a luxury yacht bought with money stolen from the multibillion-dollar looting of a state investment fund.

The sale that began Monday came nearly three months after Indonesia returned the $250 million yacht, Equanimity, after seizing it off Bali in February in cooperation with the U.S. FBI. The U.S. Justice Department, one of several foreign agencies investigating a massive graft scandal at the 1MDB fund, had listed the yacht among the assets it could seize and sell to recover stolen funds.

Ong Chee Kwa...

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