US court’s approval of DoJ motion shows Jho Low is innocent, say lawyers

Updated 5 years ago · Published on 1 Jan 2019 9:27AM · 5 Comments

A US court’s move to grant the Department of Justice’s motion to dismiss its forfeiture action against super yacht Equanimity is consistent with Low Taek Jho’s claims of having done no wrong, said his lawyers.

The wanted Penang-born businessman, in a statement through his lawyers, said the move by the DoJ is a result of the Malaysian government’s mishandling of the seized vessel.

“The DoJ, with the consent of Equanimity (Cayman) Ltd, agreed to seek the dismissal of this action. While it is not a perfect outcome, it is reasonable and understandable, given the brazenness of the Mahathir government in illegitimately seizing the yacht from Indonesia, in blatant violation of Indonesian law and with no regard for a US court order designed to ensure all parties are afforded their full rights under the law,” said the statement, referring to Prime Minister Dr Mahathir Mohamad.

The lawyers asserted that their client, who is facing charges in relation to the 1Malaysia Development Bhd scandal, is innocent.

“Mr Low recognises that as a result of the DoJ’s motion to dismiss the action against the Equanimity with the consent of Equanimity (Cayman) Ltd, the US court has made no negative findings or rulings against him regarding the US government’s allegations in the forfeiture complaint, and there have been no admissions of any wrongdoing, as is consistent with Mr Low’s position of maintaining his innocence.”

The lawyers said by illegally seizing the Equanimity, Malaysia is solely responsible for eroding the yacht’s value.

“Not surprisingly, the hapless Mahathir regime, in a disastrous PR stunt, failed to sell the vessel at fair market value at auction.”

The luxury vessel will now be sold for no less than US$130 million (RM543 million), after there were no bidders for its initial price of US$250 million.

The Equanimity was seized in Bali in February last year and handed over to Malaysia in August.

It was brought to Port Klang on August 7, before being moved to Langkawi. – January 1, 2019.

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Comments

  • Sue the govt of Malaysia then, if the yacht had been brazenly seized. Stop claiming otherwise. We are no fools

    Posted 5 years ago by Mike Mok · Reply

  • Fat boy , what dont you come out and speak like a man? How long are you going to hide? Your monies must be depleting , government should frozen all his family assets in Malaysia.

    Posted 5 years ago by Tiong Fee Chua · Reply

  • If Fat Boy is innocent why don't he come back to Malaysia and face the Malaysian Government and Malaysians? Have guts to blunder the money of Malaysia don't have guts to face the music. HaHaHa!

    Posted 5 years ago by Jordan Lee · Reply

  • Don't try to fool us.. Maybe you don't realised if you see back of the yacht, you will see name of Georgetown stated at the back side.. Stop fooling us, if you were innocent, why must yiu hiding like a mouse?

    Posted 5 years ago by Mohd Azwan Abd Aziz · Reply

  • Please come back to prove that you are innocent.

    Posted 5 years ago by Richard L · Reply