Malaysiakini News

Equanimity: Gov't wants court order declaring 1MDB as legal owner

Published:  |  Modified:

PARLIAMENT | The government intends to seek a court declaration that the 1MDB group is the legal owner of the superyacht Equanimity and for the proceeds from the vessel's sale to return to the government through the company.

"The government's objective in these proceedings (involving the Equanimity) is to ask for... a declaration that the 1MDB group is the legal and beneficial owner of the vessel or part owner in proportion to its respective shares, to the extent that the money and or properties of the 1MDB group were used on behalf of the defendant to buy the ship...

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