The seizure of the superyacht Equanimity by Indonesian authorities on behalf of US investigators continues. Indonesian authorities seized the vessel in February in Bali as part of a US Department of Justice (DOJ) investigation into a corruption scandal involving Malaysia’s government-owned equity fund 1MDB. The DOJ says that Equanimity’s owner, Jho Low, used US$250m from ill-gotten proceeds from 1MDB to build the Oceanco.
Today, according to the Australian Broadcasting Corporation, lawyers on behalf of the owner have said the seizure was illegal because Indonesian police and the FBI did not follow proper protocol before it was impounded. Low’s attorneys are asking an Indonesian court to return the vessel to its owner. They also argued that the charges against Low have not been proven, so the yacht and other assets cannot be seized. Low issued a statement in March saying the case was “entirely without foundation”.
The crew of Equanimity have been ordered to stay aboard the yacht while the case is pending. It is currently moored at Benoa Bay in Bali.