Both Low's representative and US prosecutors have agreed to the sale.
UPDATED 2.01PM | But the PM adds that Putrajaya did press Beijing to import more palm oil.
The fugitive businessperson says yacht value 'trashed' for the sake of political rivalry.
'This is yet another example of the Mahathir regime’s trial by media...' he said through his lawyers.
The matter is under investigation, AGC official tells Malaysiakini.
Speaking through his attorneys, the fugitive says it is Mahathir's way of politicising the issue.
US records show that ex-US AG is no longer providing services to ex-Malaysian PM.
The DOJ is probing this as it is a crime in the US for foreigners to donate to politicians, WSJ reports.
The former defence minister says he will deal with the IGP about any lead he has.
UPDATED 12.30AM | 'We know where he is but we cannot being him back unless the country cooperates'.
This after the Admiralty Court grants a varied order to 1MDB.
Bloomberg reports that the buyers, some 'big household names in yachting terms', come from the Middle East, Russia and Asia.
IGP says cops are also open to others giving out a reward for info on the fugitive businessperson.
Police are also searching for Low's most trusted aide to facilitate their probe into the 1MDB scandal.
The government adviser also says Putrajaya is hoping for a speedy resolution to the project.
IGP does not disclose details of the meet, only saying that search for the financier is still underway.
‘A misleading narrative by a morally-bankrupt Mahathir regime to advance its failing political cause,’ he says.
'In legal terms, Cayman and Jho Low have no right to the yacht'.
Fugitive financier calls the auction process 'a failed public relations stunt from the outset.'
The charges are related to the US$2.7 billion misappropriated from 1MDB subsidiaries.
The custom acrylic piano for Miranda Kerr believed to have cost between US$170,000 to US$1 million.
UPDATED 6.14PM | Mahathir responds to fugitive financier saying he would not get a fair trial in Malaysia.