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Equanimity in good condition, says sales agent

  • Oct 14, 2018
The 1MDB-linked superyacht Equanimity is in good condition, says brokerage house Burgess, which has been tasked with selling the vessel. "The yacht is in good condition, in a safe environment, berthed at the Port Klang cruise ship terminal in Malaysia, and is being taken care of by a professional yacht crew under the supervision of a specialised yacht management company," Burgess said in a statement to website SuperyachtNews. The company was appointed by the High Court of Malaya to sell of
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Promise only half-fulfilled to maintain its worth on Equanimity

  • Oct 1, 2018
INTERVIEW | Finance Minister Lim Guan Eng said he could only fulfil half his promise on the luxury yacht Equanimity, in order to maintain its worth when the government sells it off."I have never owned a yacht before, so I didn't know that when you show it off, the price drops by more than half... because they (potential buyers) want exclusivity."So please understand. I fulfilled half the promise, I got the yacht back," Lim said in an interview with Malaysiakini at his office in Putrajaya last we
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Mat Sabu recounts 'unimaginable' luxury while on board Equanimity

  • Aug 27, 2018
Defence Minister Mohamad Sabu today recounted what he described as an "unimaginable' luxury on board superyacht Equanimity, which he had the opportunity to visit.The vessel was handed over to Malaysia by Indonesian authorities, which had earlier seized the vessel suspected of being acquired using misappropriated 1MDB funds by businessperson Low Taek Jho."I looked at the ship from outside, it wasn't all that big. But on the inside - my goodness - we can't imagine it."There was a lift inside, it h
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Report: Fire sale, bad press could lower Equanimity price

  • Aug 26, 2018
A quick sale and the negative press surrounding the superyacht Equanimity could encourage potential buyers to lower their bids for the vessel, according to a report in The Star today.Sam Tucker, the superyacht division head of London-based ship valuation firm VesselsValue was quoted in the report explaining the process of selling such a vessel.The company valued the vessel at US$175 million, with Tucker saying that the Equanimity could fetch an equal or approximate price provided that it is well
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Court greenlights urgent sale of Equanimity

  • Aug 24, 2018
The Kuala Lumpur High Court has granted the request of 1MDB and the government for the superyacht Equanimity to be sold, while the court decides who will keep the proceeds.The lawyer for the plaintiffs, Ong Chee Kwan, told this to reporters after meeting Judicial Commissioner Khadijah Idris on the matter in chambers.“The court has granted our application for sale pendente lite, which means you get the order to sell the vessel pending the (court's) determination of the asset.“So the order has
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Equanimity 'owner' says didn't receive notice on urgent sale

  • Aug 24, 2018
Equanimity (Caymans) Ltd, the company that owns the 1MDB-linked superyacht on paper, says it has not received any legally valid notice regarding a court hearing scheduled today, seeking an urgent sale of the vessel.In a statement, the company said the urgent sale is also a violation of international law, as ownership of the yacht is still being challenged in the US courts."To move for a sale in Malaysia immediately would be a remarkable violation of due process and international legal comity, an
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Mahathir: US aware of Equanimity takeover but didn't object

  • Aug 18, 2018
The US government did not protest despite being notified beforehand about Malaysia’s intentions to take custody of the superyacht Equanimity, said Dr Mahathir Mohamad.He said this when asked to comment on the US Department of Justice’s (DOJ) claims that the US government was not involved in transferring the yacht's custody to Malaysia.“As far as we know, they have not protested (against) our taking over the boat. We told (them) that before,” he said when met in Hangzhou, China, where he
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Jho Low has yet to file challenge to Equanimity seizure

  • Aug 17, 2018
Following last week’s arrival of the US$250 million (RM1 billion) vessel Equanimity after its handover by Indonesian authorities, there has yet been any court challenge to its seizure as of yesterday.This follows a court file search conducted by Malaysiakini with the case slated to come up again today at the Kuala Lumpur High Court.The vessel arrived in Malaysia following the arrest warrant issued by the Admiralty High Court on Aug 7.Fugitive Jho Low, who is said to own the luxurious yacht, cl
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AG: Equanimity to be liquidated if nobody else lays claim

  • Aug 14, 2018
The Equanimity will be liquidated if nobody else besides 1MDB lays claim over the superyacht in the next two to three months, said attorney-general Tommy Thomas.Following this, the government would keep the funds in a fixed deposit.Thomas said the legal process would be done through the Admiralty High Court in Kuala Lumpur and the government would apply for the necessary orders.The yacht, which is estimated to be worth RM1 billion, has been linked to fugitive financier Jho Low, who is accused of
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IGP: Various agencies involved in guarding Equanimity

  • Aug 12, 2018
A special meeting to coordinate security control on the luxurious yacht Equanimity was held yesterday involving numerous related agencies. Inspector-general of police Mohamad Fuzi Harun said besides the Royal Malaysian Police (PDRM), the Royal Malaysian Navy (RMN), General Operations Force (GOF), Malaysian Armed Forces (ATM), Malaysian Immigration Department (JIM) and the Boustead Naval (BN) Shipyard were involved in keeping watch on the luxurious yacht. “The patrol is coordinated on a 2
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