Admiralty Court allows Govt and 1MDB group to sell superyacht Equanimity


The superyacht Equanimity, belonging to Jho Low, is brought to Boustead Cruise Terminal in Port Klang, Malaysia on Aug 7, 2018. – Reuters

KUALA LUMPUR: The Admiralty Court here has granted an application by the Malaysian government, 1Malaysia Development Bhd (1MDB) and two of its subsidiaries to sell the superyacht Equanimity.

Ong Chee Kwan, counsel for 1MDB and its two subsidiaries, 1MDB Energy Holdings Ltd and 1MDB Global Investment Ltd, told reporters this after proceedings in chambers before Justice Khadijah Idris on Friday (Aug 24).

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Terengganu Islamic Religion council disburses RM299mil in tithes
46 festive price control scheme violations in Johor this year up to Deepavali
Group of 16 men charged with being 'Geng Pacific Siva' members
Malaysia Airlines cabin crew praised for professionalism during medical flights
Prisons Dept to allow family visits on Dec 27 and 28
Russian man fined RM1,000 for trespassing on military camp
Newfound ant species in Sabah named after UMS researcher
Anwar wishes Prabowo a speedy recovery after meeting postponed
Organisers could face action for alleged provocative dancing at dinner, says K'tan exco
13 breaches of festive price control scheme recorded in Perak so far this year

Others Also Read