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CANGGU WEEKLY
Weekly News Magazine for Canggu and Surroundings No: 60, 02 Mar - 09 Mar 2018

Indonesia seizes yacht in Bali wanted by US investigators,

The luxury yacht is reportedly linked to a corruption scandal at Malaysia’s state investment fund

The ship’s captain and 34 crew are

No: 008, 03 Mar - 10 Mar 2017
A luxury yacht sought by US authorities
was seized Wednesday off the
Indonesian tourist island of Bali,
officials said, with the vessel reportedly
linked to a corruption scandal at
Malaysia’s state investment fund.
Authorities boarded and searched the
Cayman Island-registered vessel,
which is reportedly worth some US$250
million and is owned by Jho Low, a
former unofficial adviser to the
Malaysian fund 1MDB.
The US Justice Department alleges in
civil lawsuits that US$4.5 billion was
looted from 1MDB in an audacious
campaign of fraud and money-
laundering.
“Based on the US investigation, part
of the money was used to buy a yacht
which has been sailing in Indonesia,”
said Daniel Silitonga, a senior
Indonesian police official, who declined
to specify whether the US hunt for the
boat was linked to the 1MDB case.
“We are still investigating who the
owners of the yacht are.”
Some Indonesian and Malaysian media
reported that the boat was owned by
Low.
being questioned, Silitonga said.
Metro TV showed footage of what it
described as Indonesian and American
investigators boarding the yacht and
questioning the crew.
The scandal surrounding 1Malaysia
Development Berhad (1MDB) has
rocked the administration of Malaysian
Prime Minister Najib Razak.
Najib, who founded 1MDB in 2009, has
battled allegations that billions were
looted from the investment vehicle in a
vast campaign of fraud and
embezzlement around the globe.
Najib and the fund deny any
wrongdoing.
(coconuts.co)
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Page 3 Girl of the week by Niconico
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JL. Pantai Brawa No 13 B

Near Macan Cafe
Behind Canggu Cafe
email: balimartialart@gmail.com
Hotline : + 62 813 2824 1390

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Solution for this crosswords on page 17

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Crossword solutiion from page 16

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