A seized a luxury yacht sought by the U.S. Department of Justice as part of a multi-billion dollar corruption investigation is seen off the shore of Banoa on the resort island of Bali
Sieboldt-Berry is said to have turned off the yacht's identification system around Singapore and Philippines, but WSJ said the captain's lawyer Rando Purba, told police he had done so only once to avoid pirates.
Indonesia on Wednesday seized a luxury yacht on the island of Bali sought by the U.S. as part of a multibillion-dollar corruption investigation linked to Malaysian state fund 1Malaysia Development Berhad (1MDB) and wanted businessman Jho Low.
On Wednesday, police in Bali, Indonesia seized the 200-foot luxury yacht Equanimity on a request from US law enforcement officials. "Our law stipulates that anyone who hides an asset resulting from the proceeds of crime is committing a money laundering crime".
Over the past 180 days, the Equanimity sailed from the north-east to the north-west of Malaysia and Singapore, and then from Bali to Papua and back again, according to shipping data on Thomson Reuters Eikon. There are several points where its movements are unclear.
A total of US$4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates, according to civil lawsuits filed by the US Department of Justice (DOJ) in the past two years.
The vessel is an asset believed to be bought with money siphoned from the 1Malaysia Development Berhad (1MDB) state fund.
Both 1MDB and Mr. Najib have denied wrongdoing and said they would cooperate with any lawful worldwide investigation.
The luxury yacht was bought by Malaysian financier Jho Low, named as a key figure in the U.S. lawsuits.
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Communications and Multimedia Minister Salleh Said Keruak has hit out at the opposition for harping on Indonesia's impounding of a luxury yacht allegedly owned by Jho Low, calling it a failed attempt to mislead Malaysians with fake news.
In August 2017, the DOJ asked for a stay on its civil lawsuits seeking to seize more than $1.7-billion in assets allegedly bought with stolen 1MDB funds because it was conducting a related criminal probe.
But Jho Low was not among the 34 people who were on the yacht, which was moored at Bali's Benoa Bay when Indonesian and USA authorities raided it on Tuesday before seizing the vessel on Wednesday, Agung Setya Imam Effendi, director of economic crimes at Indonesia's national police, told MetroTV.
"We have an obligation to search for all on the wanted list or (anyone) included on an Interpol red notice".
Low's whereabouts are unknown and his Hong Kong company has not responded to requests for comment.
Court documents obtained by BenarNews show DOJ accused Jho Low of laundering more than $400 million stolen from 1MDB through acquisitions of properties in California, New York and London, a jet purchased for $35 million and the yacht.
In an emailed statement through his representative in June past year, Low said the DOJ's actions were an example "of global overreach in pursuit of a deeply flawed case". Model and actress Miranda Kerr returned a jewelry set given to her by Low, and actor Leonardo DiCaprio returned an Oscar once owned by actor Marlon Brando along with other items that were funded with the 1MDB money.
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