DoJ says RM2.93 bil yacht A+ bought with funds linked to 1MDB

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The US Department of Justice says a private firm paid for the Topaz, now called A+, with money misappropriated from 1MDB.PETALING JAYA: The US Department of Justice (DoJ) has confirmed that a luxury yacht, estimated to be worth US$688 million (RM2.93 billion), was purchased with funds linked to 1MDB. According to The Straits Times of Singapore, the financing details of the Topaz, which has since been renamed A+, were contained in a DoJ filing to a federal court in California on June 30. However, it was not stated if the US federal department would seek to stake a claim on the yacht as part of its ongoing 1MDB asset forfeiture exercise. According to the DoJ, fugitive financier Low Taek Jho, better known as Jho Low, chartered A+ at least five times between 2013 and 2014 at various locations. They included Nice in France, Ibiza in Spain, the Caribbean, New York and around the Brazili…