Indonesia seizes yacht wanted by US in probe of Malaysia

A luxury yacht named "Equanimity" is seen in the Benoa harbor in Bali, Indonesia, Wednesday, Feb. 28, 2018. Indonesia has seized the 92 meter (300 foot) luxury yacht on the tourist island of Bali that is wanted by U.S. authorities as part of a probe in an alleged multibillion-solar corruption scandal at the Malaysia state investment fund 1MBD. (AP Photo/Ambros Boli Berani)
A luxury yacht named "Equanimity" is seen off shore in Benoa harbor in Bali, Indonesia, Wednesday, Feb. 28, 2018. Indonesia has seized the 92 meter (300 foot) luxury yacht on the tourist island of Bali that is wanted by U.S. authorities as part of a probe in an alleged multibillion-solar corruption scandal at the Malaysia state investment fund 1MBD. (AP Photo/Firdia Lisnawati)

JAKARTA, Indonesia — Indonesia has seized a luxury yacht on the tourist island of Bali that is wanted by U.S. authorities as part of a probe into alleged multibillion-dollar corruption at Malaysian state investment fund 1MBD.

Metro TV on Wednesday showed local police and what it identified as FBI officers on board the sleek 92-meter (300-foot) vessel, Equanimity, moored off Bali.

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, a fund set up by Malaysian Prime Minister Najib Razak that was intended to promote economic development. Overall, the Justice Department says more than $4.5 billion was stolen from the fund.

Agung Setya, director of economic crimes at Indonesia's national police, told MetroTV that local authorities began working with U.S. authorities a week ago in relation to the vessel. He said it was located on Tuesday in waters off the island of Lombok, which neighbors Bali, and then shifted to Bali's Tanjung Benoa waters.

"We have legal confirmation that this asset is the result of a crime," he said. "Our law stipulates that anyone who hides an asset resulting from the proceeds of crime is committing a money laundering crime."

Setya said police had secured a court order to seize Equanimity and are questioning its 34 crew. He said the yacht is worth about $250 million.

The Justice Department alleges the yacht was bought by Jho Low, an associate of Najib who had no formal role at 1MBD but considerable influence over the organization, for his personal use. It was among the more than $400 million that the department accuses Low of stealing himself.

Najib was embroiled in the scandal when it emerged that nearly $1 billion had passed through his personal bank accounts. He and the fund deny any wrongdoing.

Yacht chartering sites say Equanimity has an Asian-themed interior, a swimming pool, movie theater, helicopter landing pad and other luxury amenities.

You may also interested in

Indonesia president urges military to stay out of...

Oct 5, 2017

Indonesia's president has urged the military to stay out of politics and remain loyal to the...

Mezzanine collapse inside Jakarta tower hurts...

Jan 15, 2018

A mezzanine floor inside the Jakarta Stock Exchange tower collapsed on Monday, injuring nearly 80...

Borneo's orangutan population plunged by 100,000...

Feb 15, 2018

The most comprehensive study of Borneo's orangutans estimates their numbers have plummeted by more...

Hillside crashes onto Indonesian farmers; 5 dead,...

Feb 23, 2018

Farmers were working in their rice paddies on the Indonesian island of Java, when the soggy...

Indonesia faces challenge to seizure of yacht...

Mar 19, 2018

Indonesian police say a luxury yacht seized as part of a U.S. probe into the alleged...

About Us

Pioneered by experienced entrepreneurs, bankers and software engineers, BursaKL stand tall to bring you the latest state of business and finance from Malaysia and all over the world.