Malaysia: Indonesia returns yacht at center of graft probe | Liputan 24 English
www.AlvinAdam.com

Liputan 24 English

Kategori

Gratis Berlangganan

Tuliskan Alamat Email Anda. Gratis!

Delivered by FeedBurner

Malaysia: Indonesia returns yacht at center of graft probe

Posted by On 2:35 PM

Malaysia: Indonesia returns yacht at center of graft probe

Malaysia: Indonesia returns yacht at center of graft probe

Luxury yacht "Equanimity" is anchored in the waters off Batam Island, Indonesia, Monday, Aug. 6, 2018. Malaysia's prime minister Mahathir Mohamad said Indonesia has handed over the luxury yacht a llegedly bought with money stolen in the multibillion-dollar looting of a state investment fund. (AP Photo/Djalu)

KUALA LUMPUR, Malaysia (AP) รข€" Malaysian Prime Minister Mahathir Mohamad said Monday that Indonesia has handed over a luxury yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund.

In a Fac ebook video, Mahathir thanked Indonesia's government and President Joko Widodo for returning the $250 million yacht, Equanimity, which was seized by Indonesia off Bali in February in cooperation with the U.S. FBI.

"We believe that this yacht belongs to the Malaysian government because it was bought with Malaysia's money that was stolen," Mahathir said, citing an investigation by the U.S. Justice Department.

Finance Minister Lim Guan Eng said the yacht has set sail from the Indonesian island of Batam near Singapore and is expected to arrive in Malaysia's Port Klang on Tuesday.

"At the end of the day, the yacht must be sold off" so that Malaysia can recover as much money as possible from it, Lim said.

The Justice Department, one of several foreign agencies investigating the alleged looting of the 1MDB fund by associates of former Malaysian Prime Minister Najib Razak, had listed the yacht among the assets it could seize and sel l to recover stolen funds.

Najib set up 1MDB when he took power in 2009 but it accumulated billions in debts. The 1MDB scandal led to his shocking electoral defeat in May and Najib is now facing charges.

Malaysian and international authorities want to question Malaysian financier Jho Low, who the Justice Department alleges was a key figure in the theft and international laundering of $4.5 billion from 1MDB. U.S. investigators said Low bought the yacht with proceeds diverted from 1MDB.

Low, who has so far evaded investigators, issued a statement through his U.S. attorney on Monday protesting the handover of the yacht as an "illegal act" for ignoring court proceedings in the United States.

The yacht's registered owner, Equanimity Cayman Ltd., had filed a claim on the vessel and filed further proceedings following the handover to Malaysia, the statement said, without giving further details.

Mahathir said anyone who wants to cl aim ownership of the yacht must show proof that the vessel was not bought with stolen funds.

"We want to know where they obtained so much money to buy such an expensive yacht," he said.

The Equanimity's lavish amenities include a helicopter landing pad, plunge pool, gymnasium and a cinema. It was built in 2014 by the Dutch yacht manufacturer Oceano, which received detailed instructions from Low about its outfitting, according to the Justice Department's asset recovery case.

Comments may not work as expected with an Adblocker running.
Source: Google News Network: Liputan 24 English | Berita 24 English | Warta 24 English | Netizen 24 Indonesia

Next
« Prev Post
Previous
Next Post »