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Sunday, 5 August 2018

The US$250mil (RM1bil) superyacht Equanimity heading to Batam where it will be handed to Malaysia

The US$250mil (RM1bil) superyacht Equanimity 

Equanimity yacht leaves Bali for Batam


Sunday, 5 Aug 20187:13 AM MYT
Image result for The US$250mil (RM1bil) superyacht Equanimity


PETALING JAYA: The US$250mil (RM1bil) superyacht Equanimity which purportedly belonged to fugitive businessman Low Taek Jho has left Tanjung Benoa port in Bali on Saturday, heading to Batam.

A source told The Star that the yacht would arrive at Batam's Batu Ampar port on Monday before it would be handed over to the Malaysia gov The US$250mil (RM1bil) superyacht Equanimityernment.


"The vessel sailed from Tanjung Benao port late Saturday morning and is now near Pulau Kangean in the sea off Bali."

The vessel, said the source, is expected to arrive at Batu Ampar port and wait for the final go-ahead from Jakarta for the handing over.


image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Travel,Int_Business_Finance_PersonalFinancing,Int_Business_Finance_SME,Int_Tech_Telco_Cellular_WirelessDevices,Int_Food_BahasaAudience,Demo_Age_35to44_enr,Int_Travel_Budget,Int_Automotive_Affluent,Int_Education_TertiaryEducation,Int_Lifestyle_Health_Fitness,Demo_Gender_Male_enr,Int_Property,Int_Lifestyle_Books_Literature,Int_Automotive_BahasaAudience,Demo_Age_25to34_enr,Int_Entertainment_LocalCelebrities,Int_Sports,Int_Automotive,Int_Lifestyle_Environment,Int_Lifestyle,Demo_AffluentAudience,Demo_Gender_Female_enr,Demo_Age_18to24_enr,Int_Entertainment_BahasaAudience,Int_Education,Int_Food_Groceries,Int_Travel_BahasaAudience,Int_Sports_SportsEvents,Demo_BahasaAudience,Demo_Age_65plus_enr,Int_Tech_Telco,Int_Food,Int_Travel_Business,Int_Entertainment_KPop,Int_Sports_Football,Demo_Age_45to54_enr,Int_Sports_Badminton,Demo_Age_55to64_enr,Int_Business_Finance,all,Int_Travel_Local,Int_Entertainment



Although no date was given on when the vessel would be delivered to Malaysia, the source said it would likely be sometime next week.

"The yacht will be taken to a Johor port where it would be handed over to the Malaysia authorities," said the source. "However, this arrangement, pending the final go-ahead from Jakarta."

The vessel was seized February at the request of US authorities as part of a multi-billion dollar corruption investigation launched by the Department of Justice (DoJ) related to 1MDB.

A Jakarta court ruling in April declared the yacht was wrongfully impounded and was released to its owners after they got a court motion to declare the seizure was illegal.

However, the vessel was not allowed to leave Tanjung Benoa port.

In July, Indonesian police seized the yacht again following a formal request for legal assistance from the United States.

Reuters reported the decision to hand over the yacht to Malaysia was reached following a personal request made by Prime Minister Dr Mahathir Mohamad who visited Indonesia in June.


Read more at https://www.thestar.com.my/news/nation/2018/08/05/equanimity-yacht-leaves-bali-for-batam/#zrHPcHi67RuoSuD4.99

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