KUALA LUMPUR, Aug 7 (Bernama) — The luxury superyacht ‘Equanimity’, believed to be owned by businessman Low Taek Jho or Jho Low, is expected to arrive at the Boustead Cruise Centre in Port Klang today, according to police sources.
The yacht, estimated to be worth RM1 billion, is believed to be part of the assets purchased using funds from 1MDB. Jho Low is being sought to assist in the investigation into 1MDB.
Yesterday, Prime Minister Tun Dr Mahathir Mohamad thanked Indonesian President Joko Widodo and his government for their assistance in handing over the yacht seized by authorities from the republic to Malaysia.
The ship was seized in Bali in February at the request of the US Department of Justice (DOJ), however, in April, the Indonesian court ruled that the seizure was illegal, and that the yacht should be returned to its owner.
The Indonesian authorities seized it again in July following a formal request for legal assistance from the US.