Court grants application to sell ‘Equanimity’


KUALA LUMPUR: The Admiralty Court here has granted an application by the 1Malaysia Development Bhd (1MDB) Group and the government to sell the Equanimity super­yacht, which is allegedly linked to businessman Low Taek Jho.

Judicial Commissioner Kadijah Idris allowed the application to sell the ship by 1MDB, its subsidiaries 1MDB Energy Holdings Ltd and 1MDB Global Investment Ltd, and the government pursuant to Order 29 Rule 4 of Rules of Court 2012.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
News , bureaus

Next In Nation

KL cops seize nearly RM1mil worth of drug-laced drinks with arrest of dealer
Defence Ministry to embrace ESG framework for enhanced transparency, sustainability
Company director loses nearly RM3mil to investment scam
NGO head charged with misappropriating RM207,000 in donations
Defence Minister unveils comprehensive reforms to combat corruption, restore confidence
Armed Forces cannot remain in denial, needs to restore credibility, says Khaled
Defence Ministry to focus on modernisation, readiness in 2026, says Khaled
Army man dies after motorcycle crashes into rear of car near PD
Sarawak government provides assistance to flood victims in Sibu Division
Floods: Number of evacuees goes up in S'wak, unchanged in Sabah

Others Also Read