Kenneth Rijock

Kenneth Rijock

Thursday, April 4, 2019

YACHT BOUGHT WITH 1MDB FUNDS BY JHO LOW FINALLY SOLD FOR HALF THE PURCHASE PRICE



The 300 ft. mega-yacht, purchased for $250m by the fugitive financier Jho Low, with money embezzled from Malaysia's 1MDB sovereign wealth fund, has finally been sold. It went for one half the original purchase price, when a buyer offered $126m for it. Jho remains a fugitive from justice, allegedly in China, though repeated reports claim he is en route to St Kitts & Nevis, where he has a CBI passport, and where once he arrives there, extradition would be virtually impossible, as St Kitts has a long history of providing safe harbor to its CBI passport holders.

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