Indonesia govt seizes Jho Low's US$260m superyacht in Bali

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SINGAPORE (Feb 28): Billionaire Low Taek Jho’s 300-foot luxury superyacht, The Equanimity, is reported to have been seized in Bali by the Indonesian government today.

The yacht is among several assets purchased through stolen funds from 1Malaysia Development Bhd (1MDB) that the US Department of Justice (DoJ) is moving to seize from Low, nicknamed Jho Low and often referred to as the mastermind of the 1MDB corruption scandal.

(See: US moves to seize additional $747 mil of assets linked to 1MDB scandal)

Valued at over US$260 million (S$345 million), The Equanimity is built by Oceano and won the prize for prize for “Best in Show” at the Monaco Yacht Show in 2014... (Click here to read the full story.)

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