JAKARTA– April 17, 2018: An Indonesian court today ruled that the seizure of luxury yacht Equanimity in Bali end February following a request by the United States was invalid and without legal basis.
On February 28, Indonesian police confiscated the 92-metre Cayman Islands-registered Equanimity as part of a joint operation with the US Federal Bureau of Investigation.
According to Justice Ratmoho at the South Jakarta District Court, the seizure should have been carried out under the reciprocal legal assistance framework as stipulated by the 2006 law, which gives the mandate to the law and human rights ministry, and not the police.
The US Department of Justice had earlier alleged that the Equanimity, valued at US$250 million, was among assets purchased by Malaysian businessman Low Taek Jho alias Jho Low using funds siphoned from 1Malaysia Development Berhad.
Mr Ratmoho also said there has been no court ruling that the owner of the yacht had committed a crime and if there is no (proven) crime, there should not be any confiscation.