Indonesian Officials Seize 1MDB-linked Yacht; Hand It Over to FBI

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Friday, March 23, 2018
Author: 
Zarine Kharazian
Volume: 
34
Issue: 
3
Abstract: 

Acting on a request from the Federal Bureau of Investigation (FBI), Indonesian officials seized the luxury yacht Equanimity at Benoa Harbor in Bali, Indonesia on February 28, 2018. On March 8, they handed it over to the FBI. Investigators suspect the yacht was bought with the proceeds of embezzlement from 1Malaysia Development Berhad (1MDB), a Malaysian government-owned investment company.