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 Superyacht wanted by FBI seized in Bali: police
 Posted: Mar 2 2018, 07:59 AM

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Superyacht wanted by FBI over suspected 1MDB link, seized in Bali with Australian crew on board
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Luxury superyacht Equanimity is said to be the 54th biggest yacht in the world.

At 90 metres, it has a swimming pool on deck, a helipad, movie theatre, spa and sauna — and cabins for 28 crew and 18 guests.

Its interior is apparently lined with marble and gold leaf, according to website Yacht Charter Fleet.

So when the FBI tipped off Indonesia the massive yacht was in waters somewhere near Bali — and they suspected it was bought with stolen funds — it was not too hard a task to find it.

Indonesian police traced the yacht to the island of Lombok last weekend, then seized it as it sailed into Bali.

It has been impounded at Benoa port in Bali's south, while police investigate its ownership and the crew.

Agung Setya, director of economic and special crimes at Indonesia's criminal investigation bureau, said the 34 crew — including two Australians — have been kept on board while investigations proceed.

"We know that only the crew were on board," he said.

"We are checking the ship's captain to know more about what they were doing in Indonesia.

"We're still investigating."

Bali police yesterday questioned the South African captain and multinational crew on behalf of US authorities.
Yacht 'bought with embezzled state-owned funds'

But it is the money used to buy the yacht that most interests the FBI.

US authorities believe it was bought with some of the $US4.5 billion that was allegedly siphoned from Malaysian Government-owned sovereign wealth fund 1MDB by high-level officials at the fund or their associates — including Malaysian financier Low Taek Jho, better known as Jho Low.
Malaysia's Prime Minister Najib Razak.

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Najib Razak set up 1MDB and later chaired its advisory board.

It is the same government fund at the centre of a corruption scandal that has tainted Malaysia's Prime Minister, Najib Razak — who set up 1MDB in 2009 and later chaired its advisory board.

Mr Razak has consistently denied wrongdoing, despite investigations into the source of millions of dollars that have poured into his personal bank account in the years since.

It is one of Mr Najib's close associates — Mr Low — who US court documents have accused of misappropriating billions of dollars from 1MDB to buy the yacht and other assets — including a private jet, a US hotel and millions of dollars in jewellery.

The US Department of Justice (DOJ) alleges $US1.7 billion of the money was laundered through US financial institutions.

Other assets bought with the stolen 1MDB funds have since been recovered, including millions of dollars in jewellery Mr Low allegedly gave to Australian model Miranda Kerr when she went out on the yacht more than a year ago, and who later handed the jewellery over to US authorities.

There sure seems to be a lot of mega corruption in that paet of the world.

Living In An Elected Dictatorship
Flin's opinions and comments reflect his perception of the facts and not necessarily reality
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