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Buyers can deal with government

KUALA LUMPUR: Buyers keen on superyacht Equanimity can now deal directly with the government and 1Malaysia Development Bhd (1MDB).

Flashy vessel: Equanimity has a court-mandated minimum price of RM543mil, half its original price. — Reuters

Equanimity buyer can negotiate directly with govt, 1MDB, says lawyer

KUALA LUMPUR (Bernama): Parties interested in buying the luxury superyacht Equanimity can now also approach the government and 1Malaysia Development Berhad (1MDB), besides the exclusive central agent Burgess, according to lawyer Jeremy Joseph.

NYC’s Park Lane Hotel Stake Sold as Part of 1MDB Recovery

NEW YORK (Bloomberg): A stake in New York’s Park Lane Hotel has been sold to an Abu Dhabi sovereign wealth fund as part of the U.S. Justice Department’s efforts to recover billions of dollars that flowed through Malaysia’s scandal-plagued 1MDB investment fund.

Inside the Equanimity, the superyacht Malaysia is trying to sell for RM531mil

KUALA LUMPUR (Bloomberg): It boasts a gym, pool, gallery, beauty salon and helipad – not to mention space for sleeping 22 guests – and it’s up for sale at around half its purchase price.

India's Gandhi vows to reform sales tax, seek investment as poll nears

NEW DELHI (Reuters) - India's main opposition Congress party will simplify the goods and services tax (GST) and take "rational economic decisions" to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on Saturday.

1MDB is sole owner of superyacht Equanimity

PETALING JAYA: It is now clear that the superyacht Equanimity is owned solely by 1Malaysia Development Bhd (1MDB) with no competing claims.

Jho Low: US court granted DoJ motion to dismiss forfeiture of Equanimity

PETALING JAYA: A United States court has granted the US Department of Justice (DoJ) the motion to dismiss its forfeiture action against the superyacht Equanimity, according to fugitive businessman Low Taek Jho's lawyers.

When law and politics are entwined

WITH the year coming to an end soon, it is appropriate for me to look at the events of 2018.

Currency traders on the frontlines

NEW YORK: The final week of 2018 could prove tumultuous for investors as holiday-thinned trading combines with a growing array of pressures on markets.

Tumultuous week: Given that the Fed is already close to the end of its hiking cycle, the markets won’t melt down if Powell leaves office – they already did, according to an economist. — Reuters

Jho Low: Govt eroded Equanimity's value to score political points

PETALING JAYA: Jho Low claims that the so-called "failure" of the government to hold a successful auction of the yacht Equanimity is another example of a "Mahathir regime" prioritising illegal acts over the rule of law to score political points.