Malaysian financier's private jet linked to 1MDB scandal to be sold [Reuters]
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Source: Reuters
Malaysian financier's private jet linked to 1MDB scandal to be sold | Reuters 3 Min Read KUALA LUMPUR (Reuters) - A U.S. court has allowed the sale of a private jet allegedly bought by fugitive financier Low Taek Jho with money taken from Malaysia’s scandal-linked state fund 1MDB, court filings showed. The Bombardier Global 5000 jet is among $1.7 billion in assets allegedly purchased by Low, also known as Jho Low, and his associates with funds stolen from 1Malaysia Development Berhad (1MDB), the U.S. Department of Justice (DoJ) has said. The jet is the second asset linked to 1MDB to go on sale. Earlier this week, Malaysia put up for auction the Equanimity, a $250 million luxury yacht, also allegedly bought by Low. A judge in a California court agreed on Wednesday to a proposal between the DoJ and the company that owns the jet, Global One Aviation, to sell the aircraft. The parties cited possible risk of damage and the cost of maintaining the jet, which is currently in Singapore. A spo
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