Malaysian Financier Jho Low Balks at Plan to Move His Seized $250 Million Yacht
Malaysian Financier Jho Low Balks At Plan To Move His Seized Yacht
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Low Taek Jho, the Malaysian financier accused by the U.S. of orchestrating a scheme to siphon $4.5 billion from a government fund, is balking at Justice Department plans to move his $250 million yacht to the U.S. from Indonesia.
“The government does not know how to properly maintain or market a luxury yacht as unique and distinctive as the M/Y ‘Equanimity,”’ lawyers said in a request Monday for an emergency order to keep it anchored in Bali. The attorneys represent the trusts that are fighting the U.S. forfeiture lawsuit for the seized 300-foot vessel.