The government of Indonesia seized the luxury yacht of Jho Low, the man at the center of the 1MDB corruption scandal.
Indonesia’s crime investigation bureau confiscated the yacht in Bali on Thursday, according to a report by «The Edge», an online newspaper based in Singapore.
The owner of «The Equanimity», Low Taek Jho – known as Jho Low – is better known for his involvement in the 1MDB scandal, where billions of dollars belonging to Malaysia’s state fund were syphoned off.
Only the Best
«The Equanimity» is valued at about $260 million and was constructed by Oceano. It is equipped with a helicopter landing pad and received an award as «Best in Show» at the Monaco Yacht Show in 2014, according to «The Edge».
The seizure by the Indonesian authorities is a major blow for Jho Low, who remains at large.