The statement read, “The bargain-basement sale price accepted by the Mahathir Government for the yachtis the final chapter in yet another tale of the regime’s incompetence and disregard for the rule of law.
It took the Mahathir Government twice as long as they promised to sell the yacht, the auction flopped and the ‘transparent’ sales process the Mahathir Government committed to at the outset has been subject to multiple abrupt changes – largely forced on the Government through their own incompetence.”On Wednesday, April 3, the Equanimity sold for US$126 million to Genting Malaysia Bhd.
This will rank as the highest recovery to date for the Government of Malaysia from the 1MDB scandal; within a mere eight months from the commencement of this action.” As of last November, Malaysians had paid RM3.5 million for the upkeep, legal fees, port services and staffing of theThe High Court of Malaysia had decreed that the yacht is the possession of 1MDB and the government of Malaysia since it was unclaimed by its registered owner.