News about 1MDB

KUALA LUMPUR (Aug 9): Attorney-General Tommy Thomas has defended the appointment of Sitpah Selvaratnam, a senior shipping and maritime lawyer in his former law firm, to handle the government's claim of Equanimity, a RM1 billion super yacht that was bought using funds allegedly siphoned from 1Malaysia Development Bhd (1MDB).

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

KUALA LUMPUR (Aug 8): Strategic investment fund 1Malaysia Development Bhd (1MDB) has laid claim to the Equanimity super yacht, said to be bought using monies misappropriated from 1MDB, when it finally arrived on Malaysian shores yesterday afternoon at Pulau Indah, Selangor.

KUALA LUMPUR (Aug 8): Super yacht Equanimity (pictured) of fugitive financier Low Taek Jho (Jho Low) fame, was bought using four tranches of funds totalling US$262.

KLANG (August 7): The 1MDB legal team appointed to represent both the investment firm and Putrajaya by the Attorney-General’s Chambers said the timeline of determining the owner of the Equanimity is six to nine months.

KUALA LUMPUR (Aug 7): Owners of 1Malaysia Development Bhd (1MDB)-linked superyacht Equanimity have claimed its seizure by the Malaysian government today is “in direct violation of an existing Indonesian court decision and an order of the US court”.

KUALA LUMPUR (Aug 7): Former prime minister Datuk Seri Najib Razak (pictured) arrived at the Malaysian Anti-Corruption Agency (MACC) at 4.

KUALA LUMPUR (Aug 7): Former Prime Minister Datuk Seri Najib Razak (pictured) is more interested in the settlement amount owed to Abu Dhabi-based International Petroleum Investment Co (IPIC) instead of the sale of the controversial super yacht Equanimity.

KUALA LUMPUR (August 7): The federal government will eventually dispose of the Equanimity super yacht, which has been linked to funds misappropriated from 1Malaysia Development Bhd (1MDB), according to Finance Minister Lim Guan Eng.

KUALA LUMPUR (August 7): Prime Minister Tun Dr Mahathir Mohamad has challenged any party wanting to claim ownership of the seized luxury super yacht Equanimity, which has been returned by Indonesian authorities to the Malaysian government, to come forward and furnish proof of their claim.