Malaysia will sell a luxury yacht linked to the 1MDB financial scandal for $126 million to a local company, authorities said Wednesday, as the country's toppled leader went on trial over the controversy.
Malaysia's new government, led by veteran politician Mahathir Mohamad, has been seeking to claw back looted funds, and has for months been seeking buyers for the vessel. Thomas said the offer was the best Malaysia got since the vessel was put up for sale five months ago, and the government had received many offers, including a few over $100 million.
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