EXCLUSIVE: US files explain seizure of $250m superyacht in 1MDB scandal

INDONESIAN authorities on Wednesday sent shockwaves across Southeast Asia when it mounted a late-afternoon raid to seize a US$250 luxury yacht in Bali at the request of US authorities probing a multi-billion dollar scandal involving a Malaysian development fund. In the hours that followed initial reports of the operation, it was uncertain whether Indonesia’s US counterparts had any direct involvement with the raid. However, National Police Spokesman Muhammad Iqbal Abduh later clarified that police seized the yacht, Equanimity, after receiving a letter on Feb 21 from the US Federal Bureau of Investigation (FBI) requesting help to enforce a court order. The seizure included the arrests of some 29 crew members who are now being questioned into the case related to alleged money laundering by officials linked to the 1Malaysia Development Berhad (1MDB) fund. The scandal has implicated Malaysia’s Prime Minister Najib Razak and several other well-connected individuals, including Malaysian financier...


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