Indonesia has agreed to hand over to Malaysia a $250 million yacht related to a corruption scandal at a Malaysian state fund that it impounded in Bali island earlier this year, Indonesian authorities said
An Indonesian court ruling in April declared that the yacht was wrongfully impounded and should be released to its owners, but Indonesian police confiscated the boat again in July following a formal request for legal assistance from USA
“The yacht will be handed over at the border between Indonesia and Malaysia’s waters,” Daniel Silitonga
The Cayman Islands-flagged Equanimity was seized in February at the request of United States authorities as part of a multi-billion dollar corruption investigation launched by the Department of Justice related to 1Malaysia Development Berhad - 1MDB
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