Cash and items worth RM1.1bil seized from 6 premises linked to 1MDB investigation

KUALA LUMPUR: The value of seized items including cash, jewellery and branded handbags from six premises believed to be linked to 1MDB investigation reached RM900mil to RM1.1bil says the police.

Director of Federal Commercial Crime Investigation Department (CCID) Commissioner Datuk Seri Amar Singh Ishar Singh  (pic) said the value of cash and items were ascertained following police raids and seizures of properties belonging to former Prime Minister Datuk Seri Najib Tun Razak at his residences from May 21 to June 25.    

“More than 12,000 pieces of jewellery consisting of 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings, 1,600 brooches and 14 tiaras were seized,” Amar Sing said at a press conference today.

According to Amar Singh, the most expensive item was a necklace valued at RM6mil.

He added, taking into account the workmanship costs, these items reached an estimated value about RM440mil besides the market value about 50 to 100 percent more and the total amount would reach RM660mil to RM880mil.

In the raids, Amar Singh said police also seized 423 watches worth RM78mil, 234 sunglasses worth RM374,000, 567 handbags of which were made up of 37 luxury brands that were valued at RM51.3 mil. 

Amar Singh added, the police also seized several documents related to the investigation at the former Prime Minister’s office in Putrajaya.

He also said that Najib and his wife Datin Seri Rosmah Mansor will soon be called for an investigation regarding the case.

In another development, the local and international media flocked to the residence of Najib at Langgak Duta since last night (Tuesday) anticipating that the former premier will be detained soon following an earlier statement (rumour).  _Malaysia World News.