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Super yacht at centre of graft probe arrives in Malaysia from Indonesia

Super yacht at centre of graft probe arrives in Malaysia from Indonesia

14 Sept 23:03 Key points summarised by AI
  • The US$250 million super yacht, Equanimity, central to the 1MDB graft inquiry, arrived in Malaysia after a 20-hour journey from Indonesia.
  • Owned by fugitive Malaysian billionaire Taek Jho, the vessel was initially seized by Indonesian authorities at the request of the US Justice Department as part of the 1MDB scandal investigation.
  • Malaysia's Prime Minister thanked Indonesia for the handover, with plans to inspect, inventory, open the yacht for public viewing, and ultimately sell it at the highest possible price.
  • The US Justice Department has requested a suspension of its court proceedings to ascertain Malaysia's intentions for the yacht, which is linked to the alleged misappropriation of US$4.5 billion from 1MDB.
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