On February 28th, Indonesian police seized the superyacht Equanimity, moored in Bali, at the request of the United States Department of Justice (DOJ). Equanimity is a 300′ luxury yacht owned by Malaysian financier Jho Low. The yacht, which is reported to have cost $260 million, was built in the Netherlands by Oceanco and delivered in 2014.
The arrest was part of the unfolding, convoluted, and downright bizarre scandal centered on the 1Malaysia Development Berhad (1MDB.) The corruption scandal involves money laundering, movie production, art, real estate, rappers, movie stars, investment bankers, and most recently, the possible involvement of a Trump fundraising official. And, of course, Jho Low’s lovely yacht.