Indonesia hands yacht linked to 1MDB over to Malaysia

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This relates to the case involving SRC International, a former unit of state fund 1Malaysia Development Berhad (1MDB).

The former prime minister is expected to be released after having his statement recorded and to present himself at the Jalan Duta court complex the next day.

In a filing to a California court, the justice department proposed "that all proceedings in this action be suspended in order to give the government and any interested claimant the opportunity to inquire of Malaysia through formal channels what its intentions are with respect to the defendant yacht".

In November past 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.

He also said that he did not know who the owner of the luxury vessel was.

The Equanimity today docked at the Boustead Cruise Centre Terminal in Port Klang at 12.40pm, brought here by Indonesian police under heavy escort by local marine police teams from Johor and Port Klang.

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NAJIB Razak has arrived at the Malaysian Anti-Corruption Commission office in Jalan Duta for another round of questioning, after being charged with corruption in June.

Najib will be meeting graft investigators at the MACC academy in Jalan Duta at 5pm Tuesday (Aug 7).

After questioning Najib Tuesday for 45 minutes, the anti-graft agency said he would be charged under the anti-money laundering law in relation to SRC International, an energy company that used to be a subsidiary of 1MDB. 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.

The government has said it plans to open the Equanimity to public viewing, before eventually selling it off. Najib, who set up and oversaw 1MDB, denies any wrongdoing.

In August 2017, the DOJ asked for a stay on its civil lawsuits seeking to seize more than US$1.7 billion in assets allegedly bought with stolen 1MDB funds because it was conducting a related criminal probe.

Malaysian and worldwide authorities want to question Malaysian financier Low Taek Jho, who the Justice Department alleges was a key figure in the theft and global laundering of $4.5 billion from 1MDB.

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