Malaysia: Indonesia returns yacht seized in graft probe

$250 mil superyacht at centre of 1MDB scandal sails to Malaysia

According to a source with direct knowledge of the investigation, Najib will attend court on Wednesday, charged with three offences in relation to suspicious transactions at SRC International, formerly a subsidiary of 1MDB, the state investment fund at the centre of a multibillion dollar corruption scandal that has rocked Malaysia.

Finance Minister Lim Guan Eng said the yacht has set sail from the Indonesian island of Batam near Singapore and arrived in Malaysia's Port Klang on Tuesday. Following the handover of the yacht to Malaysia, the Justice Department has sought to suspend legal proceedings to determine what Malaysia plans to do with the vessel.

The announcement came after Najib, who suffered a shock defeat in May elections, was summoned for a new round of questioning by the anti-corruption agency.

Civil lawsuits filed by the DOJ listed a total of US$4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates.

Mr Low issued a statement through his USA attorney on Monday protesting the handover of the yacht as an "illegal act" for ignoring court proceedings in the United States.

On Sunday, Low issued a statement through his lawyers condemning Malaysia's possession of the yacht, claiming the move was "politically motivated" and that the decision went against court rulings in the United States and Indonesia. Malaysia's attorney-general welcomed the boat being turned over, and said that "sensitive and delicate negotiations" had taken place between Malaysia, Indonesia and the U.S. to ensure it happened.

Malaysian Attorney General Tommy Thomas defended the takeover of the Equanimity.

"If they can prove that the money [used to buy Equanimity] came from themselves and not from stolen money, then they have the right to claim back the yacht", Dr Mahathir said in a two-and-a-half-minute video posted on his Facebook page from Fukuoka, Japan yesterday.

He said Indonesia, Malaysia and the US recently activated the mutual legal assistance treaties among themselves.

"The Mahathir regime's illegal act today, ignoring court rulings in legal proceedings in the US and Indonesia, prove he has no interest in a fair and just process", he said in a statement Monday.

The Malaysian authorities have revoked his passport and issued an arrest warrant although he has previously denied any wrongdoing.

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