A superyacht once owned by Jho Low, a fugitive at the centre of Malaysia’s 1MDB financial scandal, has been put back on the market after a few months as a celebrity party venue. The vessel, now named Tranquility, is being sold for US$200m, an increase of more than $70m on its previous price tag. It is currently owned by the Genting Group, a Malaysian conglomerate with business interests in real estate, hospitality, plantations and energy supply. The firm bought the 91.5-metre yacht from the Malaysian government for $126m, which was about half its original purchase price, after it was seized by Indonesian authorities off the coast of Bali in 2018. Previously named Equanimity, the yacht was owned by Malaysian businessman Low Taek Jho, 37, better known as Jho Low. He has been accused of masterminding the looting hundreds of millions of dollars from Malaysia’s sovereign wealth fund, 1MDB. Low is in hiding, believed by many to be in China. He has previously said that he has not … [Read more...] about Superyacht linked to Jho Low and 1MDB scandal for sale again, for an extra $74m
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On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open for business. All he needed was a licence. Justo had arrived in Thailand four years earlier, having fled the drab world of finance in London. In 2011, he and his girlfriend Laura toured the country on a motorbike and, two years later, they got married on a secluded beach. The couple eventually settled down in Koh Samui, a tourist hotspot, just an hour’s flight south of Bangkok. After trying out a couple of entrepreneurial ventures, Justo eventually decided that he would go into the hotel business. He bought a plot with an imposing house and began building: adding a gym, villas and a tennis court. That June afternoon, he was expecting a visit from the … [Read more...] about 1MDB: The inside story of the world’s biggest financial scandal
World By Jack Goodman & Olga Robinson BBC Reality Check 19 September 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/world-49515462 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsReality Check Indonesia is currently in the throes of the … [Read more...] about Forest fires: Are they worse than in previous years?