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Luxury yacht linked to 1MDB scandal arrives in Malaysia

Luxury yacht linked to 1MDB scandal arrives in Malaysia

However, after this, his statement will be recorded as the one accused.

He has pleaded not guilty to the charges and was released after posting bail.

The yacht was purportedly owned by businessman Low Taek Jho, the alleged mastermind in the 1Malaysia Development Berhad (1MDB) scandal.

In November previous year, then Defence Minister Datuk Seri Hishammuddin Hussein defended the setting up of the KSCIP in Putrajaya, against its detractors who were concerned that Malaysia might have painted a bull's-eye on itself for the Islamic State (IS) terror group.

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Low's whereabouts are unknown but he has previously denied wrongdoing. His Malaysian passport has been revoked and an arrest warrant issued. The vessel, which was escorted by Malaysian police, docked in Port Klang at about 12pm today.

In February US and Indonesian authorities moved to seize the yacht as part of an investigation by the US Department of Justice (DOJ).

Former Malaysian prime minister Najib Razak will be charged on Wednesday (Aug 8) with money laundering offences, the Malaysian Anti-Corruption Commission (MACC) confirmed in a statement on Tuesday.

Najib left the building after about 45 minutes.

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Najib's spokesman declined to comment.

THE Equanimity was seized under the laws of Malaysia, said Attorney-General Tommy Thomas hours after the luxury yacht docked at the Terminal Boustead Cruise Centre in Port Klang this afternoon.

The government has said it plans to open the Equanimity to public viewing, before eventually selling it off. Cynthia Gabriel, a member of an official team set up to recover assets allegedly bought with stolen 1MDB money, said that the Equanimity being handed over to Malaysia was "very significant".

The DoJ filed a series of civil lawsuits in California, the USA aiming to seize some US$1.7 billion (RM6.95 billion) worth of assets - including the yacht, a private jet, mansions, art works, jewellery, and film rights - that were purchased using funds stolen from 1MDB.

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The DoJ has sought to take custody of the Equanimity, after it was seized by Indonesia in February at the request of USA authorities as part of a multi-billion dollar anti-kleptocracy investigation into 1MDB.