The Malaysian government has sold a superyacht from the 1MDB scandal to the casino company Genting Malaysia Bhd. for $126 million. The sale is the largest amount of money Malaysia has yet recovered from 1MDB, according to Bloomberg. Genting must pay for the boat by the end of April. The yacht was seized from Indonesian waters in 2018 as part of Malaysia’s attempt to recoup the roughly $4.5 billion that was allegedly stolen from 1MDB. […]
source https://therealdeal.com/2019/04/03/jho-lows-former-superyacht-sells-marking-largest-recovery-of-funds-related-to-1mdb-scandal/
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