Indonesia to hand over luxury yacht to US amid 1MDB probe

[ahlam1399]

JAKARTA: Indonesia is making preparations to hand over a luxury yacht seized in Bali last month to US authorities targeting assets allegedly bought with money siphoned off from a Malaysian state fund, a police official said on Thursday. The Cayman Islands-flagged Equanimity was impounded by Indonesia amid a multi-billion dollar corruption investigation launched by the US Department of Justice (DOJ) and tied to 1Malaysia Development Berhad (1MDB). Indonesian police and the US Federal Bureau of Investigation (FBI) were ?preparing paperwork? for a hand over of the ship, said Daniel Silitonga, deputy director of economic and special crimes at Indonesia?s criminal investigation bureau. Silitonga said authorities had taken the vessel?s logbook but a search had not found any money on board.

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