now boys…

We suspect that the world of superyachts  is a very intricate dance of money, power, prestige with a fair amount of fuckery as well….
A court in Indonesia has ruled that the superyacht Equanimity must be returned to its owner. The 91m Oceanco was seized in Bali in February by Indonesian authorities at the behest of the US Department of Justice. The DOJ wants to confiscate the superyacht as part of its investigation into the Malaysian fund 1MDB. US authorities allege that Equanimity’s owner, Jho Low, purchased the superyacht by ill-gotten money funnelled through the US financial system.
Dr Rudy Heriyanto Adi, director of the Indonesia Special Economic Crimes Unit, said that police will obey yesterday’s court decision. The court ruled that the yacht’s seizure was illegal and not conducted in accordance with Indonesian law. “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,” Adi added.
The DOJ continues to press on for Equanimity’s seizure in a US District court in California.
Read on.