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Tuesday, August 7, 2018

1MDB claims ownership over Equanimity, cites DOJ allegations


1MDB, under its new management, has laid claim to superyacht the Equanimity.
It was among the applicants to have seized the vessel when it arrived in Port Klang today.
"1MDB claimed ownership of the Equanimity because they believe their money had been misappropriated and used to purchase the vessel," lawyer Sitpah Selvaratnam told reporters after disembarking from the yacht.
Sitpah added that the claim was based on the civil forfeiture suits made by the US Department of Justice (DOJ) last year, which she said carried weight as it is verified against the penalty of perjury.
This is a departure from the previous 1MDB management's stance, denying its funds had been misappropriated and had any links to the Equanimity.
The old management had also dismissed the civil forfeiture suits filed by the DOJ.
The 1MDB management was replaced following Pakatan Harapan's victory in the May 9 general election.
Lawyer Jeremy Joseph said the 1MDB legal team was appointed by the Attorney-General's Chambers to represent both the investment firm and Putrajaya.
[More to follow] - Mkini

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