US and Indonesian authorities last week searched the Cayman Island-registered Equanimity, reportedly worth some US$250mil (RM977mil), which was moored off the Indonesian tourist island of Bali. “(The handing over) is in the process of being done,” national police senior detective Daniel Silitonga told AFP. Those assets include the 90-metre yacht which US officials said was purchased by Malaysian financier Low Taek Jho, also known as Jho Low, an unofficial adviser to 1MDB. Low’s spokesman said last week that the DoJ had “still not taken any steps to prove that any impropriety has occurred”. – AFPRelated stories:Report of RM1mil found on board yacht untrue, say Indonesia policeIGP: Investigations reveal no link between Jho Low and 1MDBLuxury yacht seizure a civil case against Jho Low not 1MDB, says IGP

Source: The Star March 08, 2018 06:22 UTC