Luxury Super Yacht bought with funds ($250M) stolen from State-owned Malaysian Investment Fund known as 1MDB for Hire.
The yacht linked to Low Taek Jho, often called Jho Low, a 37 year old Malaysian fugitive sought by the authorities of Malaysia,Singapore and the USA for money laundering was sized
by the Malaysian Govt and sold to casino operator Genting Malaysia for $126m.
On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open for business. All he needed was a licence.
Justo had arrived in Thailand four years earlier, having fled the drab world of finance in London. In 2011, he and his girlfriend Laura toured the country on a motorbike and, two years later, they got married on a secluded beach. The couple eventually settled down in Koh Samui, a tourist hotspot, just an hour’s flight south of Bangkok. After trying out a couple of entrepreneurial ventures, Justo eventually decided that he would go into the hotel business. He bought a plot with an imposing house and began building: adding a gym, villas and a tennis court. continue to the guardian for full story.
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