RM14.22 mil spent so far to maintain Equanimity, says finance minister

The Equanimity, once owned by controversial businessman Low Taek Jho, is now anchored in Langkawi.

KUALA LUMPUR: Putrajaya has spent RM14.22 million to maintain the luxury superyacht Equanimity from last August to March this year, the finance minister told the Dewan Rakyat.

Lim Guan Eng said, in a written reply, that RM11 million was spent from August to December last year and another RM3.22 million from January to March this year on the mega yacht which is now anchored in Langkawi.

Lim said the cost included maintenance, repair, fuel, legal fees, insurance and costs related to selling of the yacht. The ship is under the care of the Kuala Lumpur High Court.

He added that management company Wilson Yacht Management Ltd was appointed last August to maintain the yacht.

“The appointment was based on the experience of the company to maintain luxury yachts,” he said in a written reply to a question from Noh Omar (BN-Tanjong Karang).

Noh had asked the finance minister to state the maintenance cost and the reason the yacht was still being kept.

Lim said the sale process was now in the second phase as the price from the first bidding was not agreed upon.

“The sale process is now in the second phase of a private treaty or direct sale and it is expected to end on March 31,” the minister said.