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After High Court ruling, Malaysia now free to sell superyacht Equanimity (updated)


  • Nation
  • Friday, 19 Oct 2018

KUALA LUMPUR (Bernama): The High Court here Friday (Oct 19) declared that the superyacht Equanimity belongs to two 1Malaysia Development Berhad (1MDB) subsidiaries – and indirectly the Malaysian government – after its registered owner failed to show up in court to claim the vessel.

To that effect, the Malaysian government is now free to sell the vessel, said lawyer Sitpah Selvaratnam, who is leading the legal team for the government, 1MDB and two others which had applied for a judgment in default (JID) against the registered owner of Equanimity over its sale.

   

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