1MDB-linked super yacht seized off Bali

1MDB-linked super yacht seized off BaliIndonesian authorities seized a luxury yacht off the tourist island of Bali wanted by U.S. authorities. The move came as part of a probe into an alleged high-profile multibillion-dollar corruption, embezzlement and  money laundering case involving Malaysian state investment fund 1Malaysia Development Berhad, or 1MBD, and top government figures.

Indonesian TV on February 28 showed local police and what it identified as FBI officers on board of the vessel, Equanimity, moored off Bali. The action followed an official approval by an Indonesian court.

The $260-million Equanimity was allegedly purchased by Jho Taek Low, an associate of Malaysian Prime Minister Najib Razak. Low has been identified by U.S. authorities as the mastermind in a scheme to steal from the state investment fund.

In June, the U.S. Justice Department filed a civil case seeking recovery of $540 million in assets, including the yacht, that it says were stolen from 1MDB. Overall, the Justice Department says more than $4.5 billion was stolen from the fund.

Maritime data shows that the yacht cruised across Southeast Asian waters in the past six months with stops in Cambodia, Thailand, Bali and some of Indonesia’s tiniest islands. Low, who was reportedly dividing his time between the Equanimity and The Peninsula hotel in Shanghai, was not on board at the time of the seizure. Indonesian police is now inspecting the vessel’s crew.



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Indonesian authorities seized a luxury yacht off the tourist island of Bali wanted by U.S. authorities. The move came as part of a probe into an alleged high-profile multibillion-dollar corruption, embezzlement and  money laundering case involving Malaysian state investment fund 1Malaysia Development Berhad, or 1MBD, and top government figures. Indonesian TV on February 28 showed local police and what it identified as FBI officers on board of the vessel, Equanimity, moored off Bali. The action followed an official approval by an Indonesian court. The $260-million Equanimity was allegedly purchased by Jho Taek Low, an associate of Malaysian Prime Minister Najib...

1MDB-linked super yacht seized off BaliIndonesian authorities seized a luxury yacht off the tourist island of Bali wanted by U.S. authorities. The move came as part of a probe into an alleged high-profile multibillion-dollar corruption, embezzlement and  money laundering case involving Malaysian state investment fund 1Malaysia Development Berhad, or 1MBD, and top government figures.

Indonesian TV on February 28 showed local police and what it identified as FBI officers on board of the vessel, Equanimity, moored off Bali. The action followed an official approval by an Indonesian court.

The $260-million Equanimity was allegedly purchased by Jho Taek Low, an associate of Malaysian Prime Minister Najib Razak. Low has been identified by U.S. authorities as the mastermind in a scheme to steal from the state investment fund.

In June, the U.S. Justice Department filed a civil case seeking recovery of $540 million in assets, including the yacht, that it says were stolen from 1MDB. Overall, the Justice Department says more than $4.5 billion was stolen from the fund.

Maritime data shows that the yacht cruised across Southeast Asian waters in the past six months with stops in Cambodia, Thailand, Bali and some of Indonesia’s tiniest islands. Low, who was reportedly dividing his time between the Equanimity and The Peninsula hotel in Shanghai, was not on board at the time of the seizure. Indonesian police is now inspecting the vessel’s crew.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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