Equanimity caught up in Malaysian assets seizure
by Chris Jefferies
The 91.5 metre superyacht Equanimity has been cited in an American lawsuit that could see up to $1.7 billion worth of assets seized.
The US Department of Justice has been pursuing this case for many months now, the Financial Times reports. It involves money that was allegedly siphoned off from the Malaysian sovereign wealth fund 1MDB between 2009 and 2015.
As well as the Oceanco-built yacht, it is understood that the money was used to buy the rights to several Hollywood movies, including The Wolf of Wall Street and Dumb and Dumber To.
The case has led many to call for the resignation of Malaysian prime minister Najib Tun Razak, but those involved strenuously deny any wrongdoing.
Malaysian businessman Jho Low, the owner of Equanimity, told the Financial Times: “The US Department of Justice’s latest move continues its inappropriate efforts to seize assets despite not having proven that any improprieties have occurred. This week’s activity from the Department of Justice is a further example of global over-reach in pursuit of a deeply flawed case.”
As well as the US, there are currently six other countries investigating 1MDB, including Switzerland, Luxembourg, Hong Kong and Singapore.
Launched in the Netherlands in 2014, Equanimity was the first superyacht to be built to the new PYC standard. As a result, she can accommodate up to 26 guests, as well as 28 crew members.
Her twin 4,828hp MTU 20V4000 M73 diesel engines propel her to a top speed of 19.5 knots. When trimmed back to her cruising speed of 16 knots, Equanimity boasts a globetrotting range, thanks to her total fuel capacity of 271,000 litres.