The Government Is Now In Talks To Bring Back Jho Low’s RM200 Million Private Jet
'We have to bring it back.'
By Andrea Tang — 13 Aug 2018, 12:43 PM
After the seizure of Jho Low's luxury yacht Equanimity upon its arrival at Port Klang on 7 August, the government is now working on bringing back the fugitive financier’s RM200mil private jet
According to The Star, Prime Minister Tun Dr. Mahathir Mohamad was asked whether Malaysia will also be seizing the Bombardier Global 5000 jet, to which he replied, "Yes, I think so. We have to bring it back."
When Tun Mahathir was asked about the discussions to bring back the private jet, he replied, "I don't know, somebody else is doing it."
Both the Equanimity superyacht and Bombardier Global 5000 private jet are part of assets that the US Department of Justice is seeking to seize over the 1MDB corruption scandal
"We know who has it but of course, we do not know where they are. And the need for us to access the money depends on our proving that it is our money," Tun Mahathir said when he was asked on how the government will recover the stolen money.
The private jet, with registration number N689WM, was reported to be impounded by Singapore in February last year
It is described as "the world's fastest" ultra-long range private jet by Canadian manufacturer, Bombardier. Powered by two Rolls-Royce turbo fan engines, it can fly eight passengers and three crew members with comfort.
According to Business Jet Traveler, the retail price of the Bombardier Global 5000 is RM200 million, with second-hand ones valued at RM53 million to RM167 million.