A police official says Indonesia is returning a luxury yacht allegedly bought with funds stolen from a Malaysian state investment company.
Daniel Silitonga, deputy director of economic crimes at Indonesia’s national police, says the yacht is on its way to a border location where it will be transferred to Malaysia.
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He declined to say when or where the transfer will happen but that the $250 million Equanimity yacht is currently near Batam island close to Singapore.
Indonesian police working with the FBI seized the yacht off Bali in February but faced a legal challenge from its Cayman Islands owner.
A massive corruption scandal at Malaysia’s defunct 1MDB state fund led to the electoral defeat of former Prime Minister Najib Razak, who is now facing charges.
