US$250 million luxury yacht linked to 1MDB scandal put up for auction by Malaysian government

A US$250 million luxury yacht linked to a multi-billion dollar scandal at Malaysia’s state fund 1MDB has gone up for auction, a government lawyer said on Monday, the first sale of a major asset seized by investigating authorities.
The Equanimity is among US$1.7 billion in assets allegedly bought by fugitive Malaysian financier Low Taek Jho, also known as Jho Low, and his associates with funds taken from 1MDB, the US Department of Justice has said.
Malaysia and the United States are…