Indonesia has agreed to hand over to Malaysia a US$250 million luxury yacht linked to a corruption scandal at a Malaysian state fund that it impounded in Bali earlier this year, Indonesian authorities said on Saturday, Channel News Asia reports. The seizure of the Equanimity by Malaysian authorities is against court rulings in Indonesia and the United States, says a lawyer acting on behalf of fugitive businessman Low Taek Jho, also known as Jho Low, as quoted by The Star. During his tenure, former Malaysian Prime Minister Najib Razak, entrusted Jho Low with the task of putting together a multi-billion-ringgit sovereign wealth fund, called the Terengganu Investment Authority (TIA). He was said to have been involved only in the initial set-up of TIA, which was later renamed 1MDB, according to The Straits Times.