The luxury superyacht linked to the 1Malaysia Development Berhad (1MDB) scandal will be sold for no less than US$130 million, which is about a half its original price of $250 million, according to estimates, Bernama reports. Malaysian financier Low Taek Jho, popularly known as Jho  Low, has maintained his innocence over charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB. Court documents and interviews describe a recovery effort of 1MDB-lined assets that involves half a dozen U.S. federal agencies, a bevy of contractors and investigators in countries, including Switzerland, Luxembourg and Malaysia, The New York Times confirmed.