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...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018