Jho Low party boat sails into Malaysia
Thursday, August 9, 2018 at 8:08AM
Harry Cassin in 1MDB, Indonesia, Jho Low, Malaysia, Najib Razak

The $250 million super yacht once belonging to 1MDB fugitive Low Taek Jho docked in Malaysia Tuesday.

The Equanimity arrived at Malaysia's Port Klang flanked by Malaysian navy boats. Images and videos of the vessel appeared on Twitter the same day.

Indonesian authorities seized the yacht in Bali earlier this year. 

The DOJ filed a civil forfeiture order for the Equanimity in 2017.

It isn't clear if the boat's transfer to Malaysia is connected to the U.S. order.

In April, U.S. District Judge Dale Fischer ruled that the yacht could be sailed from Indonesia to the United States.

Malaysian Attorney General Tommy Thomas said the seizure was "a result of the Mutual Legal Assistance Treaties between Indonesia, the United States and Malaysia which were activated recently," according to Channel News Asia.

He said "sensitive and delicate negotiations were conducted at the highest levels of different agencies in the three countries to accomplish this feat."

Bloomberg said the United States was not part of the agreement between Indonesia and Malaysia to move the vessel.

In Malaysia, former prime minister Najib Razak has been charged with three counts of money laundering and criminal breach of trust tied to 1MDB. He has pleaded not guilty.

 

The Equanimity has arrived in Port Klang. This USD$250mil yacht has become almost a symbol for the millions of dollars allegedly misappropriated from Malaysian state investment fund #1MDB. Fugitive Jho Low is accused of using this yacht to sail across international waters. pic.twitter.com/58qpMuK1WB

— Sumisha Naidu (@SumishaCNA) August 7, 2018

 

The Equanimity costs over $730,000 a month to maintain, Channel News Asia said.

Authorities from the United States, Switzerland, Singapore, and Malaysia are chasing Low for his alleged role in the $4.5 billion looting of 1MDB.

In June, Malaysia issued a warrant for Low's arrest and canceled his passport.

Low has denied breaking any laws and said he had an informal consulting role at 1MDB.

____

Harry Cassin is the managing editor of the FCPA Blog.

Article originally appeared on The FCPA Blog (http://www.fcpablog.com/).
See website for complete article licensing information.