KUALA LUMPUR – Police: Total value of seized items in 1MDB probe around RM1.1b

KUALA LUMPUR: The jewellery seized from a series of police raids in Kuala Lumpur and Putrajaya over the 1Malaysia Development Bhd (1MDB) probe has been estimated to be worth RM880 million.

The most valuable item from the 12,000 pieces of jewellery seized was a white gold diamond necklace, valued at RM6.4 million.

The total value of all the seized items related to the probe stands between RM900 million and RM1.1 billion.

Disclosing this today, Bukit Aman Commercial Crimes Department chief, Datuk Seri Amar Singh Ishar Singh said police, on May 16 and 17, carried out several raids at two locations in Putrajaya, four in KL and three apartments in Pavilion Residences in Bukit Bintang.

He said police also inspected the residence of former prime minister Datuk Seri Najib Razak at Langgak Duta, Taman Duta.

From May 21 to June 25, police were counting and assessing the seized items. The lengthy duration, said Amar, was due to the large amount of items.

“Eight special teams comprising experts and officers were involved in the counting process, totaling 150 personnel,” he said.

He said police seized 72 bags of cash, jewellery and watches, and 284 boxes of watches on May 16 & 17 at nine locations over 1MDB probe.

.

Twenty five of the 72 bags, he said, contained jewellery such as rings, diamonds, earrings & bracelets, totaling 12,000 items: Amar Singh

Amar also provided a breakdown of the seized items:

– Jewellery seized included 2,200 rings, 2,800 earrings, 1,600 brooches and 14 tiaras

– The most valuable item seized was a white gold diamond necklace valued at RM6.4 million

– 567 handbags from 37 brands such as Hermes, Prada & Chanel, valued at RM51.3 million were also seized

Amar said police will summon former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor soon to have their statements recorded.