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The DOJ can take down tRump...they do stuff like this everyday.
https://www.tradeonlytoday.com/industry-news/a-superyacht-saga-involving-the-u-s-department-of-justice-a-former-malaysian-prime-minister-and-a-billionaire-yacht-owner-accused-of-bilking-4-5-billionA superyacht saga involving the U.S. Department of Justice, a former Malaysian prime minister and a billionaire yacht owner accused of bilking $4.5 billion
It is pulp fiction for the yachting industry. The year-long saga involving a former Malaysian prime minister, the U.S. Department of Justice and a Chinese billionaire took another turn last week as the $250 million superyacht Equanimity was handed over to Malaysian authorities who vowed they would sell the yacht.
In June 2017, the U.S. Attorney’s office filed a 251-page lawsuit against Low, arguing there was a conspiracy between a high-ranking Malayasian official, who turned out to be former Malaysian Prime Minister Najib Razak and Low. Both used the public fund for their personal use. Razak deposited $700 million from the fund into his personal account, while Low, listed as the fund’s financial director, steered billions into his own accounts. Since June, U.S. government agents have scoured the world for assets allegedly bought with stolen IMDB money.
Thomas said the yacht, now considered property of the IMDB fund, would be sold in the next four months. “The money that we get will be transferred into a fixed bank account which will be granted to any party who can successfully establish the ownership of the yacht in a civil suit,” Thomas told ChannelNewsAsia.com. He invited Low to claim ownership, though Low understands returning to Malaysia would most likely result in prison rather than sunset cruises on Equanimity.
The saga of Equanimity will no doubt continue.
It is pulp fiction for the yachting industry. The year-long saga involving a former Malaysian prime minister, the U.S. Department of Justice and a Chinese billionaire took another turn last week as the $250 million superyacht Equanimity was handed over to Malaysian authorities who vowed they would sell the yacht.
In June 2017, the U.S. Attorney’s office filed a 251-page lawsuit against Low, arguing there was a conspiracy between a high-ranking Malayasian official, who turned out to be former Malaysian Prime Minister Najib Razak and Low. Both used the public fund for their personal use. Razak deposited $700 million from the fund into his personal account, while Low, listed as the fund’s financial director, steered billions into his own accounts. Since June, U.S. government agents have scoured the world for assets allegedly bought with stolen IMDB money.
Thomas said the yacht, now considered property of the IMDB fund, would be sold in the next four months. “The money that we get will be transferred into a fixed bank account which will be granted to any party who can successfully establish the ownership of the yacht in a civil suit,” Thomas told ChannelNewsAsia.com. He invited Low to claim ownership, though Low understands returning to Malaysia would most likely result in prison rather than sunset cruises on Equanimity.
The saga of Equanimity will no doubt continue.
Wouldn't it be fun to see them auction off the tRump jet?
2 replies
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