Home News Featured News Malaysia sees no issue in selling super yacht Equanimity

Malaysia sees no issue in selling super yacht Equanimity

Author

Date

Category

- Advertisement -

Malaysia said the admiralty law, the body of law that covers ships and the sea, allows the country to sell the superyacht Equanimity.

The country’s Attorney GeneralTommy Thomas said the sale was still possible despite the claims made by a company that the vessel does not belong to fugitive Jho Low.

The boat could be sold within months, said the Attorney General, who spoke at a conference on the seizure of the luxurious yacht.

Until now, a Cayman Island-based company, The Equanimity (Cayman) Ltd claimed the vessel belonged to its owners. But the company’s email to TISG did not disclose who the owners were.

- Advertisement -

The company issued a missive in the form of a legal letter claiming ownership of the 1mdb-linked vessel and lambasted the authorities in the two neighbouring nations for the seizure of the yacht.

On Aug 7 the 1MDB is said to have claimed ownership of Equanimity, which is docked at the Boustead Cruise Centre in Klang, Selangor.

Other claimants are two of 1MDB subsidiaries and the government of Malaysia. The US Department of Justice or DOJ seized the luxury vessel in Indonesia but surrendered the boat to Malaysia.

The DOJ said it is certain the boat was bought from syphoned 1MDB money.

The Malaysian Attorney also said the presumed owners could still could sue for the money paid by the buyer.

Thomas added that the govern­ment had started legal proceedings to sell the superyacht and that there was a period when the vessel could be sold in a transparent way.

He added that the proceeds from the sale would be kept in an interest-­earning trust account.

 

Send in your scoop to news@theindependent.sg 

- Advertisement -

First two out of group of ang mohs and foreigners fined over yacht party near Lazarus Island

A group of men and women were seen flouting safe-distancing measures while on a yacht at Lazarus Island on Dec 26 last year. The first two members of the group to face the court — Singapore permanent resident Mark Lau San...

Minor injuries for driver after SUV flips over on SLE

Singapore—A white sport utility vehicle (SUV) turned turtle on the Seletar Expressway (SLE) before the Woodlands Avenue 12 exit on Monday morning (March 1). One man sustained minor injuries in the incident. However, he refused an offer from the Singapore Civil Defence Force...

Monitor lizard eats python whole in Ulu Pandan canal, throws up and burps

Singapore – A monitor lizard was spotted eating a large python in Ulu Pandan canal. Passers-by watched, snapped pictures and pressed the video button, but guess who threw up his lunch? The lizard. The python proved too much to swallow. "Python hunted...

Send in your scoop to news@theindependent.sg 

Theindependent