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Jakarta court found no link between seized yacht and 1MDB

Equanimity-utube

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Written by Syndicated News

PETALING JAYA — April 18, 2018: The owner of superyacht Equanimity has welcomed the ruling by a Jakarta court yesterday that its seizure in Bali by Indonesian police on February 28 was invalid and that the yacht was in now way linked to 1Malaysia Development Berhad.

In a statement to the FMT portal, Equanimity (Cayman) Ltd. said the ruling “upholds the rule of law and confirms that the FBI-instigated seizure was improper and unlawful”.

“The incident is yet another example of the unjustified global overreach by the US government, which has gone to extreme and improper lengths to seize assets around the world while steadfastly avoiding having to prove that there are any merits to its case,” it said.

The US$250 million yacht is linked to Malaysian businessman Low Taek Jho.

Indonesian police later announced they were handing over the yacht to the US Federal Bureau of Investigation but the owner later challenged the seizure both in the US and Indonesia.

New Straits Times Online today quoted Indonesia’s Special Economic Crimes Unit director Dr. Rudy Heriyanto Adi as saying that police would obey the court decision.

“Based on the ruling by the South Jakarta State Court, which is final, the police will obey the order to return the yacht to its owner, Equanimity Cayman Limited.”

The court ruled that there should be no confiscation if there was no proven crime.

The judge said the seizure was invalid and legally baseless and that Indonesian police were wrong in seizing the yacht as the vessel was under the jurisdiction of the law and human rights ministry.

The US Department of Justice claims the Equanimity was bought with money stolen from 1MDB.

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