PORT KLANG, Aug 7 ― The government said it has laid claim on Equanimity as they believe public funds were misused to purchase the billion-ringgit superyacht.
Lawyer Jeremy Joseph, who is representing 1Malaysia Development Berhad (1MDB), said the claim on the boat, which allegedly belongs to fugitive financier Jho Low, was based on civil forfeiture suits made by the United States Department of Justice (DOJ) last year.
Joseph, who was among a team that had entered the yacht after it arrived here today at 12.40pm, said while the old management of 1MDB had denied that its funds were used to purchase Equanimity, the new management felt otherwise.
“Our 1MDB legal team was appointed by the Attorney General’s Chambers to represent both the investment firm and Putrajaya.
“We have initiated an admiralty suit, which basically means we can ‘arrest’ the vessel and in order to do that, in pursuant to our rules, we need to get the sheriff to stick the warrant of arrest on the vessel.
“This was the purpose of our visit today,” he told reporters at the Terminal Boustead Cruise Center where the yacht is docked.
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
Created by savemalaysia | Aug 17, 2024
ks55
Who is going to maintain and up-keeping?
Let it rot in Port Klang?
What to do with it now?
Isn't it the liability to the govt to preserve the value of a fast depreciate asset (liability now) not knowing what to do next?
Best if it can get court order to dispose it, and the proceed keep in trust fund with Bank Negara.
Whosoever has final claim get the proceed with proper authority.......and that will take many years to decide.
2018-08-07 19:05