Luxury yacht linked to 1MDB scandal arrives in Malaysia

$250 mil superyacht at centre of 1MDB scandal sails to Malaysia

Thomas said the yacht was seized by the Indonesian authorities in Bali on Feb 28 on an application of the Department of Justice (DOJ) of the United States.

The DOJ has alleged in lawsuits filed in the United States that the 300-ft (91-m) yacht was bought by Malaysian financier Low Taek Jho, or Jho Low, with funds diverted from 1MDB.

Malaysian Prime Minister Mahathir Mohamad said that Indonesia has handed over a yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund.

"That is why we are calling him again today (Aug 7) to record his statement for tomorrow's proceedings", a source told The Star.

He said the yacht is now near Batam island close to Singapore, but declined to say when or where the transfer will happen.

"We welcomed the initiative and they chose Malaysia to host it over many other countries", he said.

On Saturday, the Indonesian government agreed to hand over the yacht to Malaysia.

U.S. investigators said Low bought the yacht with proceeds diverted from 1MDB.

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In a 2 minute 35 second video posted on his Twitter account, the prime minister said the yacht belonged to Malaysia as it was purchased with Malaysian money that was stolen by "certain quarters".

He also expressed his gratitude to the Indonesian government, particularly its, President Joko Widodo, for returning the US$250 million (RM1 billion) super yacht.

The announcement came after Najib, who suffered a shock defeat in May elections, was summoned for a new round of questioning by the anti-corruption agency.

The anti-graft agency issued a statement soon after Najib's departure from their offices saying that the former prime minister would be charged under the anti-money laundering act. His Malaysian passport has been revoked and an arrest warrant issued.

The suits allege US$1.7 billion worth of assets were allegedly bought with the stolen funds, which USA officials are seeking to recover. Low has urged the court to direct the US government to state efforts it has made to secure the vessel and to find out Malaysia's intentions by Aug 17.

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

He said Indonesia, Malaysia and the USA recently activated the mutual legal assistance treaties among themselves.

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