Indonesia to hand over Jho Low's RM1bil 1MDB-linked yacht to Malaysia

  • Nation
  • Saturday, 4 Aug 2018

KUALA LUMPUR (Reuters): Indonesia has agreed to hand over to Malaysia a US$250mil (RM1bil) luxury yacht linked to a corruption scandal at a Malaysian state fund that it impounded in Bali earlier this year, Indonesian authorities said on Saturday (Aug 4).

The Cayman Islands-flagged Equanimity was seized in February at the request of US authorities as part of a multi-billion dollar corruption investigation launched by the US Department of Justice (DOJ) related to 1Malaysia Development Berhad (1MDB).

1MDB , Yacht , Equanimity , Najib Razak , Malaysia , Indonesia