The seizure by the Indonesian authorities is a major blow for Jho Low, who remains at large.
Apandi was reported by Malaysiakini as saying that Putrajaya will not seek the return of the Equanimity belonging to Malaysian businessman Low Taek Jho or Jho Low, who is at the centre of alleged scandals involving the siphoning off 1MDB funds to purchase luxury assets.
They say information from the Federal Bureau of Investigation showed the yacht's Automated Identification System had been switched off several times in waters around the Philippines and Singapore, making it harder to track. Australian model and actress Miranda Kerr handed over millions of dollars worth of jewellery that USA authorities say were given to her by Low, including a jewellery set gifted to her during an excursion aboard Equanimity in 2014.
He has been named as a key figure in U.S. lawsuits seeking to recover assets allegedly bought using stolen 1MDB money. Mr. Iqbal said he could be liable under money-laundering laws for trying to hide a wanted asset.
Rando Purba, a lawyer for the captain, said on Thursday that Sieboldt-Berry told police he permissibly turned off an identification system once previous year to avoid pirates.
Low's whereabouts are unknown and his Hong Kong company has not responded to requests for comment.
"It is therefore disappointing that, rather than reflecting on the deeply flawed and politically-motivated allegations, the DoJ is continuing with its pattern of global overreach - all based on entirely unsupported claims of wrongdoing".
While Indonesian authorities and the FBI worked together on the money laundering case, it's unclear how the investigation will proceed.
There were 34 crew on board when the boat was seized.
"Based on the U.S. 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 United States hunt for the boat was linked to the 1MDB case.
Indonesian authorities seized the yacht on February 28 off the coast of Teluk Benoa in Bali. Some officers stayed to guard the ship overnight.
They used a three-terrabyte drive to copy communications and other information from the ship's sophisticated computers to check the ship's movements, visitors and to determine whether the captain knew the ship was wanted by the U.S., according to Silitonga.
The crew reportedly remains aboard the yacht and are not under arrest.
The government of Indonesia seized the luxury yacht of Jho Low, the man at the center of the 1MDB corruption scandal.
Mr Razak has consistently denied wrongdoing, despite investigations into the source of millions of dollars that have poured into his personal bank account in the years since. Port calls show that the vessel entered into Indonesia from Cambodia in October a year ago, MarineTraffic said, traveling across the equatorial waters of the tropical nation of some 18,000 islands as far east as the island of New Guinea, more than a thousand miles from Bali.