Tags: APFN | AS | Indonesia | Malaysia | Luxury Yacht

Indonesia Returning Yacht at Center of Malaysia Graft Probe

Saturday, 04 August 2018 11:37 PM

JAKARTA, Indonesia (AP) — A police official says Indonesia is returning a luxury yacht allegedly bought with funds stolen from a Malaysian state investment company.

Daniel Silitonga, deputy director of economic crimes at Indonesia's national police, says the yacht is on its way to a border location where it will be transferred to Malaysia.

He declined to say when or where the transfer will happen but that the $250 million Equanimity yacht is currently near Batam island close to Singapore.

Indonesian police working with the FBI seized the yacht off Bali in February but faced a legal challenge from its Cayman Islands owner.

A massive corruption scandal at Malaysia's defunct 1MDB state fund led to the electoral defeat of former Prime Minister Najib Razak, who is now facing charges.

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A police official says Indonesia is returning a luxury yacht allegedly bought with funds stolen from a Malaysian state investment company.Daniel Silitonga, deputy director of economic crimes at Indonesia's national police, says the yacht is on its way to a border location...
APFN,AS,Indonesia,Malaysia,Luxury Yacht
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2018-37-04
Saturday, 04 August 2018 11:37 PM
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