Nine-figure price tag for luxury vessel Equanimity
The superyacht Equanimity, which is laden with all the bells and whistles such as an experiential shower, massage, sauna and steam rooms as well as a plunge pool, will be sold at a nine-figure US dollar price, according to a media statement issued by 1MDB and the federal government's legal team.
The statement was issued after the legal team met with Admiralty Court judicial commissioner Khadijah Idris this morning...
The superyacht Equanimity, which is laden with all the bells and whistles such as an experiential shower, massage, sauna and steam rooms as well as a plunge pool, will be sold at a nine-figure US dollar price, according to a media statement issued by 1MDB and the federal government's legal team.
The statement was issued after the legal team met with Admiralty Court judicial commissioner Khadijah Idris this morning.
"With the mandatory phase of the judicial sale process duly completed, with the widest outreach and publicity possible in the superyacht market, the Sheriff will be seeking the necessary orders from the court to commence the second phase of this judicial sale by private treaty for closing of the sale no later than March 31, 2019," read the statement.
The High Court deputy registrar is functioning as the sheriff.
"The nine-digit asking price will be available on application, once approval of the court is obtained and will commensurate with a four-and-half-year-old Oceanco-built luxury yacht, with the specifications of the Equanimity as she lies," added the statement.
Present in court were lawyers S Sitpah and Jeremy Joseph and senior federal counsel Alice Loke.
Sitpah (photo) told Malaysiakini there are interested parties but the legal team is not in liberty to reveal the number of bids or the bidders' countries of origin.
"There are actual bidders," she said in response to a question on the perception that there were no bidders for the vessel, which made headlines due to its link to the 1MDB scandal and fugitive businessperson Jho Low.
It was previously reported that the bids for the vessel allegedly acquired by Jho Low using 1MDB funds had ended on Nov 28, with the sealed documents being opened the next day.Expressions of interest hailed from Asia, Europe, the Middle East and the United States.
The vessel measuring 91.5 meters built by Oceanco is said to have cost US$250 million (RM1 billion) and had a crew of 17.
The luxury yacht, which is also equipped with a helicopter pad was first seized by the Indonesian authorities on Feb 28. The vessel is now in Langkawi.
Former prime minister Najib Abdul Razak and his wife Rosmah Mansor were said to have been guests on board the Equanimity.
The Admiralty Court had ordered the sale of the vessel on Aug 24 this year. On Oct 19, it ruled that 1MDB Energy Holdings Ltd and 1MDB Global Investment Ltd are the rightful owners after nobody challenged the ownership of the vessel.
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