World Media

Dr M dares Equanimity owner to reclaim yacht

Dr M dares Equanimity owner to reclaim yacht

"Some arrangements are being made with the Indonesian authorities responsible (to take over the yacht)", a spokesman for Malaysian Prime Minister Mahathir Mohamad's office told AFP.

Najib was arrested and charged in Malaysia last month with abuse of power and criminal breach of trust related to an alleged transfer of 42 million ringgit (343 million baht) into his personal bank account from SRC International, a former unit of state fund 1MDB.

They are linked to SRC International, an energy company that was originally a subsidiary of 1MDB, it said.

Malaysian Attorney General Tommy Thomas confirmed the arrival of the boat in a statement, saying the yacht was purchased with money belonging to Malaysia and thus was properly seized under the laws of Malaysia.

Those assets include the 300-foot (90-metre) super-yacht owned by Low Taek Jho - popularly known as Jho Low - a close Najib associate and former unofficial adviser to 1MDB. "Low in the public arena", the statement said.

Indonesia handed over the $250 million Equanimity to Malaysia on Monday.

The Cayman Islands-flagged Equanimity was seized by Indonesian authorities on February 28 in Bali at the request of USA authorities as part of a multi-billion dollar corruption investigation launched by the DoJ related to 1Malaysia Development Berhad.

Ky. Sen. Rand Paul invites Russian lawmakers to Washington
Today, I met with Chairman Kosachev, and we agreed on the importance of continued dialogue. Paul also told reporters that there are hopes to have meetings in a neutral third country.

The petition also questioned the lawfulness of a warrant issued by the Indonesian police to turnover the vessel to Malaysia.

He has pleaded not guilty to the charges, which carry a maximum prison sentence of 20 years.

Sitpah, part of the group inspecting the yacht, said the vessel carried 17 crew members and appeared to be in good condition.

The announcement came after Najib, who suffered a shock defeat in May elections, was summoned for a new round of questioning by the anti-corruption agency.

Mahathir has said anyone who wants to claim ownership of the yacht must show proof that the vessel was not bought with stolen funds.

"We don't know. It can be investigated, but what is important is repaying the debt with IPIC". Low has urged the court to direct the US government to state efforts it has made to secure the vessel and to find out Malaysia's intentions by Aug 17.


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