Not true that RM1 million found on seized luxury yacht, police say

The Equanimity, a $250 million luxury yacht wanted by the US Department of Justice, was seized in Indonesian waters.
Reuters

Indonesian police have denied that cash amounting to RM1 million (US$256,000) was found on board a luxury yacht seized in relation to 1MDB investigations.

Citing Indonesian language news site Jawapos, The Star reported that Indonesia’s Central Police Department has clarified that there was no money found in the seizure.

The Equanimity, a $250 million luxury yacht wanted by the US Department of Justice, was seized in Indonesian waters on last week.

While the yacht was previously linked to Malaysian businessman Low Taek Jho, who is better known as Jho Low, Malaysian Communications and Multimedia Minister Salleh Said Keruak said there was no evidence to prove Low owned it.

Low, whose whereabouts are unknown, called the seizure “disappointing“, and accused the DoJ of “global over reach”.

“We look forward to the Court being presented with the actual facts which demonstrate that the DoJ’s case is completely without foundation,” a statement sent on Low’s behalf read.

The DoJ has alleged that a total of $4.5 billion was allegedly misappropriated from 1MDB.

The luxury yacht was among assets sought in the investigation.