Malaysiakini News

Reports: Equanimity upkeep to cost RM3m a month

Published:  |  Modified:

The legal team representing 1MDB and the government reportedly said that it would cost RM3 million per month to sell the superyacht Equanimity.

Lawyer Jeremy Joseph was quoted by Free Malaysia Today as saying it could take courts between six to nine months to determine who owns the RM1 billion vessel.

“This is depending on whether there is any serious contest for ownership over the vessel. But the courts will do that.

"Now, we are seeking the declaration (on ownership). We are also asking for an order for sale of the vessel, because it is quite expensive to maintain the vessel,” he said in Port Klang after the Equanimity’s docking today.

Joseph reportedly described the vessel as “classy,” with a combination of timber and marble finishing.

Another member of the legal team, Sitpah Selvaratnam, said the Equanimity is now under the jurisdiction of the courts.

Hence, no one can move it and no activity can take place in relation to the vessel without the court’s permission.

Meanwhile, Sinar Harian quoted Joseph saying that he and the rest of his 16-member team had to wear special shoe covers to ensure that they did not leave any scratches on the vessel’s interior.

“We were not allowed to wear our own shoes, but had to wear shoe covers to maintain the marble and flooring of the vessel,” he said.

He also reportedly mentioned that apart from timber and marble, the vessel also had leather finishing.

Asked whether the financier Low Taek Jho had used the vessel, Joseph said he has no information on the matter.

“The captain and crew are also new. They had just signed the contract three months ago.

“We have also issued a warrant against the captain and spoke to the captain to find out what happened that involves the vessel,” he was quoted as saying.


RELATED REPORTS

Jho Low says M'sian seizure of Equanimity 'illegitimate'

1MDB claims ownership over Equanimity, cites DOJ allegations

Arrest warrant obtained to seize yacht, says AG

IPIC settlement more important than Equanimity, says Najib

Malaysia, Indonesia usurped courts' authority, Equanimity lawyers decry

Equanimity arrives in Port Klang

DOJ seeks to suspend Equanimity court proceedings in the US

Sign in


Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew