CBS News reported on 28th February that Indonesia has seized a luxury yacht on Bali that is wanted by US authorities as part of a probe into alleged multibillion-dollar corruption involving Malaysian state investment fund, 1MDB – the 300 ft Equanimity. In June 2017, the US DoJ filed a civil case seeking recovery of $540 million in assets, including the yacht, that it says were stolen from 1MDB, a fund set up by Malaysian Prime Minister Najib Razak that was intended to promote economic development. Overall, the DoJ says more than $4.5 billion was stolen from the fund.
