KUALA LUMPUR (Bernama): The High Court here Friday (Oct 19) declared that the superyacht Equanimity belongs to two 1Malaysia Development Berhad (1MDB) subsidiaries – and indirectly the Malaysian government – after its registered owner failed to show up in court to claim the vessel.
To that effect, the Malaysian government is now free to sell the vessel, said lawyer Sitpah Selvaratnam, who is leading the legal team for the government, 1MDB and two others which had applied for a judgment in default (JID) against the registered owner of Equanimity over its sale.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
