Luxury yacht linked to 1MDB scandal arrives in Malaysia

$250 mil superyacht at centre of 1MDB scandal sails to Malaysia

This relates to the case involving SRC International, a former unit of state fund 1Malaysia Development Berhad (1MDB). In a statement soon after Najib left its office, the anti-graft agency said he would be charged under the anti-money laundering act.

On Saturday, the Indonesian government agreed to hand over the yacht to Malaysia.

The former prime minister turned up at the Malaysian Anti-Corruption Commission Academy in a four-car motorcade at about 5pm on Tuesday, where he was said to have received three notices on the new charges against him.

The Malaysian authorities have revoked his passport and issued an arrest warrant although he has previously denied any wrongdoing.

The Equanimity is expected to arrive at Port Klang on Pulau Indah, Selangor today, according to news reports, after Indonesian and Malaysian authorities reached an agreement and conducted the handover of the yacht in Batam.

Prime Minister Mahathir Mohamad has thanked Indonesian authorities for returning the yacht, saying it belongs to Malaysia because it was bought with money stolen from the 1MDB fund. Officials have said the yacht will be sold to the highest bidder to recover the stolen fund.

THE Equanimity was seized under the laws of Malaysia, said Attorney-General Tommy Thomas hours after the luxury yacht docked at the Terminal Boustead Cruise Centre in Port Klang this afternoon.

The Cayman Island-registered vessel Equanimity, which is reportedly worth some US$250 million and is owned by Jho Low, a former unofficial adviser to the Malaysian fund 1MDB, is pictured at Benoa harbor on Indonesia's resort island of Bali on April 13, 2018.

Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it "at the highest price". This is part of a total $1.9 billion of 1MDB funds allegedly deposited into his accounts.

The DoJ has sought to take custody of the Equanimity, after it was seized by Indonesia in February at the request of US authorities as part of a multi-billion dollar anti-kleptocracy investigation into 1MDB.

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