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Off From Jho Low’s Hook, RM1 Billion Yacht is Finally Sailing Home Next Week

Aye, the calm after May 9 storm is here and the 1MDB-link RM1 billion yacht Equanimity will finally start its smooth sailing journey back to Malaysia next week, Malaysiakini reported.

Currently anchored at the waters near Singapore and the Indonesian island of Batam, the US$ 250 million superyacht impounded by Indonesian police following US authorities’ request on February 28 will be given back to Malaysia through the borders water.

The deputy director of economic and special crimes in the republic’s Central Police Department Daniel Silitonga told Malaysiakini that they were instructed to hand over the Equanimity two weeks ago and it will arrive in Malaysia’s shore “maybe on Monday or Tuesday.”

Source: Malaysiakini

“The yacht will be handed over at the border between Indonesia and Malaysia’s waters,” Silitonga quipped that once the handover process is done and through, the Indonesia authorities would no longer have any responsibility with it, “We are tired (of it).”

US Department of Justice previously requested Indonesia to seize the Equanimity as they contended that the superyacht was bought through money siphoned from Malaysia state investment company 1MDB. The report trailing the money found that it was bought by 1MDB-linked businessman Low Taek Jho, or better known as the flamboyant Jho Low, under the company  Equanimity (Cayman) Ltd.

Source: Daily Mail

It’s revealed that the superyacht was operated by South African captain Rolf Sieboldt-Berry and manned with 34 crew members. The Star reported the vessel is 91-metre long and it was registered in the Cayman Islands, a British Overseas Territory in the Carribean known for its beach resorts and varied scuba diving and snorkelling sites.

It has an interior clad in marble and gold leaf, a spa and sauna, a 20-metre swimming pool on deck, a movie theatre, a lift and a helipad, or we would call it a moving paradise.

DOJ requested the Indonesia authorities to have a new captain and crews for the operation as they contended that the men couldn’t be trusted.  The ‘owner’ of the Equanimity previously brought the case to the US court to fight for its ownership but DOJ maintained that Jho Low was behind the move. Malaysiakini reported that Jho Low was fighting the forfeiture through these several companies: Equanimity (Cayman) Ltd, Equanimity Crew (Cayman) Ltd, Equanimity Lifestyle (Cayman) Ltd and Equanimity Operations and Maintenance (Cayman) Ltd.

The US authorities planned to bring the Equanimity to their shore to auction it off in the North American market.

Finally, the yacht is coming back. RM1 billion worth of a single transport wey! That’s like 1% of our RM1 trillion federal government debt.

What are your thoughts on this? Let us know in the comments below.

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