Abu Dhabi businessman Khadem Al Qubaisi, who is said to have received close to US$470 million from 1MDB's scandal involving US$4.5 billion worth of misappropriated funds, has a controlling stake in the penthouse's owner, 212 West 18th Street LLC.
SINGAPORE (Oct 9): A penthouse in Manhattan, New York, is now back on sale for US$5.9 million ($8.05 million) less than what its owners allegedly bought it for with funds related to Malaysia's 1Malaysia Development Berhad (1MDB) scandal.
This is according to an online article published last week by The Wall Street Journal (WSJ), whose sources say the nearly-6,000 sf apartment at Walker Tower on West 18th Street is returning to market for US$45 million despite being purchased for US$50.9 million three years ago.
