2. SOUNDBITE (English) Sitpah Selvaratnam, lawyer appointed by the Malaysian Attorney General of Malaysia:
"And the reason for the arrest (seizure of vessel) was that the 1MDB group claims ownership to this vessel, the Equanimity, because they believe their moneys had been misappropriated and used to purchase the vessel, so that claim is based on the allegations that was filed by the DOJ (Department of Justice) in America in June last year."
3. Wide of news conference
4. SOUNDBITE (English) Sitpah Selvaratnam, lawyer appointed by the Malaysian Attorney General of Malaysia:
"The defendants who claim that they are the owners, the registered owners, have the opportunity to turn up in court to defend the claim and establish their ownership and that issue will finally be determined by the admiralty court in Kuala Lumpur."
A luxury yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund arrived on Tuesday at a Malaysian port.
The 250 million US dollar Equanimity, seized by Indonesia off Bali in February in cooperation with the US FBI, was handed over to Malaysian authorities on Monday at the Indonesian island of Batam near Singapore.
A lawyer appointed by the Malaysian Attorney General said the defendants who claim they are the legitimate owners of the vessel would have the opportunity to defend their claim at court.
The US Justice Department, one of several foreign agencies investigating the alleged looting of the 1MDB fund by associates of former Malaysian Prime Minister Najib Razak, had listed the yacht among the assets it could seize and sell to recover stolen funds.
Najib set up 1MDB when he took power in 2009 but it accumulated billions in debts. The 1MDB scandal led to his shocking electoral defeat in May and Najib is now facing charges.
Following the handover of the yacht to Malaysia, the Justice Department has sought to suspend legal proceedings to determine what Malaysia plans to do with the vessel.
Malaysian and international authorities want to question Malaysian financier Low Taek Jho, who the Justice Department alleges was a key figure in the theft and international laundering of 4.5 billion US dollars from 1MDB.
US investigators said Low, known widely as Jho Low, bought the yacht with proceeds diverted from 1MDB.
Low, who has so far evaded arrest, issued a statement through his US attorney on Monday protesting the handover of the yacht as an "illegal act" for ignoring court proceedings in the United States.