by Mitchell W.
After the whole contract termination with Walt Disney Co and Twenty-First Century Fox Inc over 20th Century Fox Theme Park in Genting Highlands that cost Genting Malaysia Bhd over USD$750 Million, you'd think that they'd be cutting down on making mega lavish spendings...but NOPE!
For news on the contract termination with Walt Disney Co and Twenty-First Century Fox Inc over 20th Century Fox Theme Park, click HERE.
Genting Malaysia Berhad had just spend a whooping USD$126 Million (RM514.14 Million) on buying Jho Low's superyacht, the Equanimity.
However, that doesn't make Jho Low RM514.14 Million richer, but instead, that amount will be received by the Admiralty Court in Kuala Lumpur!
"The US$126mil purchase price will be paid by Genting and received by Court by the end of April 2019. This will rank as the highest recovery to date for the government of Malaysia from its 1Malaysia Development Bhd (1MDB) scandal, within a mere eight months from the commencement of this action," says Attorney General Tommy Thomas.
Prior to the purchase, Genting Malaysia Berhad had negotiated directly with the government and no agency commission was payable - so this resulted in a savings of USD$4.4 Million (RM17.95 Million). Phewww!
The 91.5m-long Equanimity, is known to have a Turkish bath, swimming pool and a helicopter landing pad!
The superyacht is docked at the Royal Malaysian Navy's Region 3 headquarters in Langkawi.
So, How much would you Pay for a Ticket to Tour? RM 5?