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Up to RM1.1 billion in cash, valuables seized from Najib, police say

June 27, 2018

Oh mak oi!!! And the total does not include the US$27.3 million pink diamond necklace, likely buried in the tong beras!

* Lawyer: Khairuddin will prove RM115 million pink diamond is with Rosmah
* Items seized in raids worth RM900 million-RM1.1 billion, say cops
* RM686m haul from Najib-linked condos: 2,200 rings, 1,400 necklaces, 567 handbags
* The breakdown: 12,000 pieces of jewellery and other luxe goods seized from Najib’s properties
* Nilai rampasan duit & barang kemas Najib & Rosmah cecah 1.1 bilion  

Bukit Aman Commercial Crime Investigation Department Director Amar Singh Ishar Singh presenting the findings of the police investigations into former Prime Minister Najib Razak today – The Malaysian Insight pic, June 27, 2018

RM440 million worth of jewellery and RM116.7 million cash was seized from residences linked to former prime minister Najib Razak, police said today.

Including other items such as handbags and watches, the total value of items seized are estimated to be between RM900 million and RM1.1 billion, said Bukit Aman Commercial Crime Investigation Department director Amar Singh Ishar Singh.

Amar Singh said of the jewellery, the number of items alone was 12,000 and included 14 tiaras, rings, diamonds, bangles and earrings.

Among the more expensive pieces was a RM6.4 million necklace with a white diamond.

He told a press conference today that the jewellery valuation of RM440 million was only for the materials and did not factor in workmanship, design and other costs involved in sales, which would be 50% to 100% more.

Also seized were 567 handbags from a 37 brands that included Hermes, Prada, Versace and Chanel, among others. One of them, under the brand Bijan, was custom-made and is not available on the market.

For the Hermes bags alone, of which there were 272 pieces, the value was RM51.3 million.

The cash was found in 26 currencies and took three days to count with the help of 22 officers from Bank Negara Malaysia, using six counting machines.

“We worked over the Hari Raya holidays,” Amar said, adding that a total of 150 police officers and other personnel were involved. – June 27, 2018.

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