Indonesia hands yacht linked to 1MDB over to Malaysia

The Cayman Islands-flagged $250 million luxury yacht Equanimity is seen in the waters of Batam, Riau Islands, Indonesia August 6, 2018 in this photo taken by Antara Foto. Antara Foto/M N Kanwa/ via REUTERS

KUALA LUMPUR (Reuters) – Indonesia handed over to Malaysia on Monday a $250 million (£192.80 million) luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd. Malaysia’s Prime Minister Mahathir Mohamad thanked Indonesian President Joko Widodo, in […]

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