Attorney-General Tommy Thomas has provided a breakdown of the costs incurred after concluding the seizure and subsequent sale of the superyacht Equanimity, which was purportedly acquired using stolen 1MDB funds.
"But in relative terms, this sum, which works out to about US$3.75 million, is a petty sum for services rendered by all concerned for 9 months. As for the RM12.7 million in operational costs, he said it included local agency fees, professional management fees, salaries and transportation for the professional crew, protection and indemnity insurance, as well as hull and machinery insurance.
With regard to legal fees, RM1.6 million was expended for Messrs Joseph & Partners who acted as solicitors for the Malaysian government and 1MDB group of companies, while RM360,000 was also paid to lawyer Ong Chee Kwan as counsel fees. "Once approved, invoices were submitted to my office for second screening, and thereafter by the sheriff of the Admiralty Court.
He said the full receipt of the purchase price of US$126 million was delivered to the court-appointed stakeholder on April 23, with due execution of the Bill of Sale by the sheriff of the Admiralty Court on April 24.
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