Latest
Recommended
Published: Wed, August 08, 2018
Global Media | By Abel Hampton

Malaysia: Indonesia returns yacht seized in graft probe

Malaysia: Indonesia returns yacht seized in graft probe

This relates to the case involving SRC International, a former unit of state fund 1Malaysia Development Berhad (1MDB). However, after this, his statement will be recorded as the one accused.

Najib's coalition, which had ruled Malaysia uninterrupted for over 6 decades, suffered a shock election defeat in May to an alliance headed by his former mentor Mahathir Mohamad, 93, in large part due to the corruption allegations.

During a visit to Malaysia previous year, Saudi King Salman bin Abdulaziz Al Saud inaugurated the center, which had a temporary office in Kuala Lumpur and was awaiting the construction of a permanent building in Malaysia's administrative capital Putrajaya.

Low's whereabouts are unknown but he has previously denied wrongdoing.

The Equanimity is expected to arrive at Port Klang on Pulau Indah, Selangor today, according to news reports, after Indonesian and Malaysian authorities reached an agreement and conducted the handover of the yacht in Batam.

Thomas said the yacht was seized by the Indonesian authorities in Bali on Feb 28 on an application of the Department of Justice (DOJ) of the United States.

He was in the building for about 45 minutes after which his motorcade was seen leaving the premises.

Najib will be meeting graft investigators at the MACC academy in Jalan Duta at 5pm Tuesday (Aug 7).

The government has said it plans to open the Equanimity to public viewing, before eventually selling it off.

Najib set up 1MDB when he took power in 2009, but it accumulated billions in debts. Malaysia's attorney-general welcomed the boat being turned over, and said that "sensitive and delicate negotiations" had taken place between Malaysia, Indonesia and the U.S. to ensure it happened.

Dr Mahathir said the Malaysian government believes the vessel, valued at US$250 million (RM1.02 billion), belongs to the country "because the vessel has been bought with Malaysian money stolen by certain parties".

Malaysian and worldwide authorities want to question Malaysian financier Low Taek Jho, who the Justice Department alleges was a key figure in the theft and global laundering of $4.5 billion from 1MDB.

Like this: