KUALA LUMPUR: The US$250 million (RM1 billion) superyacht, Equanimity, is expected to be sold by end of March next year.
Sitpah Selvaratnam (pix), who represents the Attorney-General’s Chamber in the yacht case, said that the nine-digit asking price will be available on application once the court’s approval is given.
“The sheriff will be seeking necessary orders from the court to commence the second phase of this Judicial Sale for private treaty, for the closing of the sale no later than March 31, 2019,“ the lawyer said.
Equanimity will be sold for a “nine-digit” price to commensurate with the yacht’s specifications, she added.
The bidding process started on Oct 26 and closed on Nov 28.
The yacht was seized by the Indonesian authorities in Bali on Feb 28, this year, on the application of the Department of Justice (DoJ) of the United States.
Equanimity, said to have been bought with money belonging to the 1Malaysia Development Berhad (1MDB) investment fund, arrived at the centre’s jetty after an 18-hour journey from Indonesia.
The superyacht – linked to fugitive Malaysian businessman Low Taek Jho or more known as Jho Low – is to be sold to the highest bidder in efforts to recoup the fund for 1MDB.
The government said that it had spent RM3.5 million to maintain Equanimity since the yacht arrived at Port Klang from Indonesia in August.