Tag: Jho Low

Update on the Seizure of Jho Low’s Equanimity

In February 2018, the National Police, with the help of Bali Regional Police, seized “The Equanimity”, a luxury yacht reportedly owned by Jho Low, a Malaysian businessman implicated in the 1MDB scandal. Several weeks after the seizure, Equanimity (Cayman) Limited, the owner of the vessel, filed a pre-trial petition at the South Jakarta District Court, questioning the legality of the forfeiture. Represented by Andi Simangunsong, the Company mentioned several regulations that the police should have obeyed but had failed to do so, and therefore, the seizure must be considered invalid. The sole presiding judge of the pre-trial agreed, and ruled in favor of Equanimity (Cayman) Limited.

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Jho Low’s Luxurious Yacht: Why Bali?

International media widely discussed about the seizure of The Equanimity, a luxury yacht reportedly owned by Jho Low, Malaysian businessman implicated in the mega corruption scandal of 1MDB, in Tanjung Benoa, Bali Island. Malaysian authorities immediately responded the event saying US Department of Justice has no evidence to prove that the yacht, linked to the embezzled 1MDB funds, is owned by Jho Low. Why Bali?

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