Low’s whereabouts are unknown, but he is believed to be in China. Malaysia issued an arrest warrant in December in absentia against Low, who has also denied any wrongdoing.

In a statement issued by his lawyers Wednesday, Low criticized Malaysia’s government for accepting a “bargain-basement sale price” for the yacht in what he called “a failed PR stunt.”

In addition to multiple charges of money laundering filed against him in Malaysia, Low has been charged in the US with conspiracy to launder money and conspiracy to bribe officials in Malaysia and Abu Dhabi, allegedly with the aim of directing 1MDB business to Goldman Sachs.

The US justice department, which has also been investigating the 1MDB scandal, had earlier filed a forfeiture petition for the yacht, and for a long list of other assets (paywall) linked to the scandal—including a clear-acrylic grand piano gifted to Miranda Kerr by Low, and a Monet painting.

Some of the ill-gotten gains purchased with 1MDB funds can never be recovered—for example, the millions of dollars spent on champagne for the celebrities and financiers Low cultivated.

Update, April 4: This story was updated with a statement from Jho Low.

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