Thursday, April 4, 2019

Equanimity Sold

The Equanimity is docked at the Boustead Cruise Centre in Port Klang, Selangor, August 7, 2018. Image credit: Mukhriz Hazim

The Equanimity, the super yacht once owned by Jho Low, the alleged key mastermind of the 1MDB scam, has been sold to Genting Malaysia Bhd for $126 million (RM514 million), the government announced Wednesday through Attorney General Tommy Thomas.

Thomas said the Admiralty Court here approved for acceptance of the offer on the Sheriff’s Terms and Conditions. 

Thomas said the $126 million was the best offer received over the five months since the super yacht was first put up for sale. Many bids were received in this period, but very few were over $100 million, he added. 

“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”, he said. 

Jho Low reportedly bought the yacht for close to RM1 billion, and for months it was said to be his mode of traversing the globe as he evaded capture. 

UK’s Winterbothams, who are independent marine surveyors for the global yachting market, had estimated the Equanimity to be worth $130 million, five million dollars more than what Genting had offered.

I’m just glad we finally sold off this expensive toy. 

Thanks to VP Education Chester Liam, I managed to secure a speaking slot at yesterday's Extol Toastmasters meeting in Subang Jaya, Selangor. Additionally, I presented an invocation, took part in Table Topics as well as evaluated an Advanced Communication speech.

I delivered my CC #8 Get Comfortable with Visual Aids titled “Chickens Don’t Cross the Road” – and my evaluator was a veteran Toastmaster, SK Ratnam. My two props:

BTW, I was voted Best TT Speaker.

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