Fresh round of money laundering charges for Najib Razak

Fresh round of money laundering charges for Najib Razak

Fresh round of money laundering charges for Najib Razak

"Accordingly, the Equanimity is properly seized under the laws of Malaysia", Thomas said in a statement this afternoon.

Malaysia's former Prime Minister Najib Razak leaves a courtroom in Kuala Lumpur, Malaysia, July 4, 2018.

Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an global hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd.

Indonesia then agreed it would hand over the yacht to Malaysia.

The Malaysian authorities have revoked his passport and issued an arrest warrant although he has previously denied any wrongdoing.

"The vessel would be docked in Batam, waiting for further instructions from Jakarta on when it would be handed over to the Malaysian authorities", the source said.

"If they can prove that the money [used to buy Equanimity] came from themselves and not from stolen money, then they have the right to claim back the yacht", Dr Mahathir said in a two-and-a-half-minute video posted on his Facebook page from Fukuoka, Japan yesterday.

Former prime minister Datuk Seri Najib Abdul Razak says he has no knowledge on whether the Equanimity super yacht was purchased using funds from 1Malaysia Development Berhad (1MDB).

Mahathir said any claimants to the yacht should provide proof that it belonged to them, and where they got the money to pay for it. MACC and Najib's spokesman did not respond to a request for comment.

The DoJ filed a series of civil lawsuits in California, the USA aiming to seize some US$1.7 billion (RM6.95 billion) worth of assets - including the yacht, a private jet, mansions, art works, jewellery, and film rights - that were purchased using funds stolen from 1MDB.

Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it "at the highest price".

In August 2017, the DOJ asked for a stay on its civil lawsuits seeking to seize more than US$1.7 billion in assets allegedly bought with stolen 1MDB funds because it was conducting a related criminal probe.

Related news