"Accordingly, the Equanimity is properly seized under the laws of Malaysia", Thomas said in a statement this afternoon.
Defense Minister Mohamad Sabu said in a written reply to a question in parliament on Monday that the King Salman Center for International Peace will cease operation immediately and that its function will be absorbed by the Malaysian Institute of Defense and Security.
"The seizure was done at the initiative of the DOJ, which asserted ownership of the yacht on behalf of Malaysia and 1MDB (1Malaysia Development Bhd) because monies belonging to us were used to purchase it", he said.
Indonesia then agreed it would hand over the yacht to Malaysia.
Low's whereabouts are unknown but he has previously denied wrongdoing.
"We believe the ship is owned by the Malaysian government because it was bought by Malaysian money that was stolen by certain parties", Mahathir said. This was followed by a warrant of arrest issued by Malaysia's High court on Monday that led to the handover, he said. The vessel, which was escorted by Malaysian police, docked in Port Klang at about 12pm today.
According to a source with direct knowledge of the investigation, Najib will attend court on Wednesday, charged with three offences in relation to suspicious transactions at SRC International, formerly a subsidiary of 1MDB, the state investment fund at the centre of a multibillion dollar corruption scandal that has rocked Malaysia.
The US Department of Justice says an estimated $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates.
Finance Minister Lim Guan Eng told reporters the government planned to take inventory of items one the yacht and open the vessel for public viewing, before eventually selling it "at the highest price". We want to know where they can get so much money to buy such an expensive yacht.
In August 2017, the DOJ asked for a stay on its civil lawsuits seeking to seize more than US$1.7 billion in assets allegedly bought with stolen 1MDB funds because it was conducting a related criminal probe.
The DoJ has sought to take custody of the Equanimity, after it was seized by Indonesia in February at the request of USA authorities as part of a multi-billion dollar anti-kleptocracy investigation into 1MDB.