Indonesian court rules seizure of Equanimity yacht to be invalid

Cayman Island-registered vessel Equanimity, sits in waters off Tanjung Benoa on Indonesia's resort island of Bali on April 4, 2018. - AFP

JAKARTA: An Indonesian court on Tuesday (April 17) ruled that the seizure of a luxury yacht linked to a US investigation into scandal-ridden state fund 1Malaysia Development Berhad (1MDB) was invalid and without legal basis.

"We declare the confiscation by police as invalid and legally baseless," Justice Ratmoho told the hearing at the South Jakarta District Court.