Equanimity transferred to Malaysian authorities
by Miranda Blazeby
The seized 91.5 metre superyacht Equanimity has been transferred to Malaysia after being previously detained by Indonesian authorities, according to reports.
The Cayman Islands-registered yacht, which is believed to belong to fugitive Malaysian financier Low Taek Jho, was handed over to Malaysian authorities at the Indonesian island of Batam. It arrived at Port Klang on August 7 where it was immediately boarded by Malaysian officials.
The yacht was previously detained by Indonesia in February following a request by the US department of Justice.
The department is investigating the alleged misappropriation of $4.5 billion from Malaysia’s state investment fund 1MDB by high level officials and their associates.
The US authorities believe that the funds used to purchase Equanimity were 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.
Equanimity’s alleged owner Low Taek Jho has been previously identified as a central figure in the scandal.
On Monday, Malaysia’s finance minister Lim Guan Eng said the government intends to take an inventory of items on the yacht and open it for public viewing before auctioning it for “the highest price”.
The Malaysian government intends to use the sale of the yacht, which is valued at $250 million, to recover some of the funds lost in the scandal.
It comes after Malaysian prime minister Mahathir Mohamad replaced predecessor and fund founder Najib Razak in May.
As well as the US, there are currently six other countries investigating irregularities related to the 1MDB fund, including Switzerland, Luxembourg 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.