[ad_1]
LANGKAWI (Bernama): Luxury yacht Equanimity, which is linked to the 1Malaysia Development Berhad (1MDB) scandal, arrived here on Wednesday (Nov 14) for temporary docking after sailing from Port Klang a day earlier.
The 92-meter-long yacht was docked at the Royal Malaysian Navy (RMN) Naval Region 3 headquarters (Mawilla 3) jetty in Bukit Malut, said Langkawi district police chief Supt Mohd Iqbal Ibrahim.
“Two marine police patrol boats, namely, PA45 and PSC18 with a RMN warship, KD Teguh, had escorted the yacht on the journey before arriving at 10.35am,” he said.
He, however, did not mention how long the yacht would be in Langkawi and only stated that it would be under RMN supervision.
The arrival of the luxury yacht also attracted the attention of social media users after the photo taken at the RMN base jetty here went viral.
On Oct 19, the High Court declared that Equanimity belonged to the Malaysia government and 1MDB as the beneficiary owner when its registered owner failed to be in court to claim the vessel and the government could now sell the yacht.
Oct 26, the Admiralty Court approved the terms and conditions for the bidding process for the vessel to commence from Oct 29 until Nov 28.
Lawyer Ong Chee Kwan, who represented 1MDB, said those interested in bidding the vessel had to pay a deposit of US$1mil (RM4.17mil).
Equanimity, valued at US$250mil (RM1.42bil, was allegedly bought by Malaysian businessman Low Taek Jho, also known as Jho Low, using money stolen from scandal-tainted 1MDB.
It was seized in Bali, Indonesia in February before it was handed over to the Malaysian government in August. – Bernama
[ad_2]
Source link
