KUALA LUMPUR: A luxury yacht owned by Equanimity Cayman Limited, which was seized by Indonesian police near Bali on Feb 28, has no link with 1Malaysia Development Berhad (1MDB), a South Jakarta district court has ruled.
The vessel, named Equanimity, can thus be returned to its owner, said Indonesia Special Economic Crimes Unit director Dr Rudy Heriyanto Adi.
In a statement yesterday, Rudy said that police will obey the decision by the court, which ruled that the yacht’s seizure was illegal and not conducted in accordance with the law.
“Based on the ruling made by the South Jakarta State Court, which is final, the police will obey the order to return the yacht to its owner, Equanimity Cayman Limited.
“Based on the facts of the proceedings, it was found that the rightful owner of the superyacht Equanimity is Equanimity Cayman Limited (and) that there is no link between the superyacht and 1MDB,” he added.
The yacht was seized as part of the United States’ Department of Justice’s investigation into 1MDB.
It has been alleged that the vessel’s ultimate owner is Malaysian businessman Low Taek Jho, better known as Jho Low.