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).
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
