A superyacht owned by a crooked financier dubbed the ‘Asian Great Gatsby’ has been sold for £100m in a bid to recoup some of the £3 billion he is alleged to have stolen. Low Taek Jho is alleged to have embezzled the staggering sum from a Malaysian state fund and then used the money to fund a lavish lifestyle, surrounded by celebrities. His prize asset - the 300ft yacht Equanimity, which has room for 22 guests, a spa, beauty salon and helipad - was snapped up by a casino group after being on the market for over a year. Low, who was educated at Harrow School in north west London, has gone into hiding since being charged with money laundering following an international investigation into the missing money. A superyacht owned by a crooked financier dubbed the ‘Asian Great Gatsby’ has been sold for £100m in a bid to recoup some of the £3 billion he is alleged to have stolen The 300ft yacht Equanimity was snapped up at the knockdown price by a casino group after being on the market for over a year The luxury yacht was owned by fugitive financier Low Taek Jho who is alleged to have stolen the staggering sum from a Malaysian state fund. He is said to have used the funds to pay for lavish parties attended by stars such as Leonardo DiCaprio (above) His parties were renowned for their extravagance and attracted celebrities such as Kim Kardashian and Gigi Hadid (above) who were happy to be seen with the man who happily spent an estimated £50m on entertainment in one year Nicknamed ‘Panda’ by friends, the Harrow (above) educated businessman liked to surround himself with Playboy models The 38 year old businessman threw lavish parties where he rubbed shoulders with Hollywood’s A-list, including Robert De Niro and Leonardo DiCaprio. His parties were extravagant and attracted celebrities such as Kim Kardashian who were happy to be seen with the man who happily spent an estimated £50m on entertainment in one year. Nicknamed ‘Panda’ by friends, businessman liked to surround himself with Playboy models. His 28th birthday in Las Vegas lasted several days with reports celebrities were paid over £50,000 each to attend one of his bashes. In 2010 he is reported to have splashed out £1.8m for a’ bottle parade’ in St Tropez, south of France when bikini clad models brought out the champagne to his guests. He was also generous to those who met with former Victoria’s Secrets model Miranda Kerr handed a £2.2m diamond pendant while DiCaprio was given a £2.5m Picasso painting. Both gifts have been returned as the Malaysian Government seek to recoup some of the alleged £3bn that has gone missing from the fund called 1MDB. Low’s prized per yacht - valued at £200m - has languished at a naval dockyard after being seized by the Malaysian Government last year. It finally sold this week when the Gentling Casino group snapped it up for just under £100m – half the amount it was originally valued at by international ship brokers. Low’s prized per yacht - valued at £200m - has languished at a naval dockyard after being seized by the Malaysian Government last year. It finally sold this week when the Gentling Casino group snapped it up for just under £100m A previous auction failed to attract a single bid and the yacht brokers handling the sale admitted it had been a challenge to persuade the richest people in the world to consider taking it off the market Low, who is now in hiding, reportedly splashed out £1.8m for a’ bottle parade’ in St Tropez, south of France when bikini clad models brought out the champagne to his guests in 2010 He was also generous to those who met with former Victoria’s Secrets model Miranda Kerr handed a £2.2m diamond pendant while DiCaprio was given a £2.5m Picasso painting. Both gifts have been returned to the Malaysian Government. Pictured: Low with Usher Gentling runs casinos, resorts and cruise line around the world. A spokesman said the purchase of the yacht will help it stand out from competitors. A previous auction failed to attract a single bid and the yacht brokers handling the sale admitted it had been a challenge to persuade the richest people in the world to consider taking it off the market. Since being seized in a joint investigation by Malaysian authorities and the FBI the yacht has been moored in a naval dockyard in Kuala Lumpur where it takes three generators running round the clock to power lighting and air conditioning. It has cost the Government as much as £400,000 a month to maintain the yacht as sea worthy and in prime condition to attract a potential buyer. Low, who ran a Hong Kong based investment firm and helped set up the 1MDB fund, commissioned the building of the yacht in 2014. Since being seized in a joint investigation by Malaysian authorities and the FBI the yacht has been moored in a naval dockyard in Kuala Lumpur where it takes three generators running round the clock to power lighting and air conditioning Now rumoured to be hiding in China, Low has been charged with money laundering in Malaysia in his absence. However, maintaining his innocence, he issued a statement claiming the sale of his yacht was a PR stunt by the Malaysian Government 'This was a failed PR stunt from the outset.' he said. 'By illegally seizing the yacht from Indonesia, docking it in a hazardous environment at Port Klang, the Malaysian Government was responsible for substantially eroding Equanimity’s value.’ Picutred: With Alicia Keys Now rumoured to be in China, he has been charged with money laundering in Malaysia in his absence. However, maintaining his innocence, he issued a statement claiming the sale of his yacht was a PR stunt by the Malaysian Government. 'This was a failed PR stunt from the outset.' he said. 'By illegally seizing the yacht from Indonesia, docking it in a hazardous environment at Port Klang, the Malaysian Government was responsible for substantially eroding Equanimity’s value.’ All rights reserved for this news site dailymail and under his responsibility