US moves to suspend legal bid for 1MDB luxury yacht as Malaysia takes possession

The US Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multibillion dollar 1Malaysia Development Bhd (1MDB) scandal.
Indonesia handed over the US$250 million Equanimity to Malaysia on Monday.
The US Justice Department, which had sought custody of Equanimity as part of its anti-kleptocracy investigation into 1MDB, said proceedings in the US courts should be suspended until it finds out…