The sale of fugitive financier Low Taek Jho’s superyacht Equanimity, one of the most opulent vessels ever built, for the equivalent of US$126 million from the Malaysian government is raising questions in Kuala Lumpur. The yacht, built in 2014 at an estimated cost of US$250 million stolen from the government-backed 1Malaysia Development Bhd, had been languishing at a Port Klang dock for months while the government searched for buyers. The vessel was captured last August without Jho Low, as the portly young tycoon was known. With the threat of confiscation looming from the US Justice Department, the yacht made a half-year run for it on the high seas, with the crew turning off its transponders, which send radio location signals, to slide unobserved from port to port, appearing off New Zealand, then South Korea, Phuket and finally Bali, where investigators ran it down.
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