Us Department Of Justice
Yacht donations, marine charities help children in need.
It’s always the right season to give to those in need, but the end of the fiscal year correlates with a generosity spike - to make one more contribution for a last-minute, itemized tax deduction.However, most boat owners don’t donate their vessels out of altruism, it’s to stop the bleeding of incessant maintenance costs and expensive repairs for an aged boat that’s hard to sell. The write-off for income taxes is actually a bonus. Donating a boat or yacht is a legal process governed…
Seized Superyacht Linked to 1MDB Probe Arrives in Malaysia
A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized.The Cayman Islands-flagged Equanimity was first seized in the Indonesian holiday venue of Bali in February at the request of U.S. authorities investigating 1MDB.The Malaysian state fund is at the center of money-laundering probes in at least six countries, including the United States, Switzerland and Singapore.
Luxury Yacht Seized in Money Laundering Probe
Indonesian police on Thursday questioned the captain and crew of a luxury yacht in Bali at the request of U.S. authorities, probing alleged money laundering at a Malaysian state fund, they said. The yacht was impounded in Bali on Wednesday amid a multi-billion dollar corruption investigation launched by the U.S. Department of Justice (DOJ) and tied to Malaysian state fund 1Malaysia Development Berhad (1MDB). Police seized the yacht, Equanimity, after receiving a letter on Feb. 21 from the U.S.
