Here Are The Jaw-Dropping Details About The Items Seized From Najib-Linked Properties
He called it the "biggest seizure in Malaysian history".
By Sadho Ram — 27 Jun 2018, 12:55 PM
In a press conference today, 27 June, Bukit Aman Commercial CID Director Amar Singh, who has been leading the police investigation into 1MDB, revealed some jaw-dropping details regarding their raids conducted at six premises linked to former prime minister Najib Razak
1. The total retail value of the items seized stands between RM910 million to RM1.1 billion
According to Amar Singh, it took police from 21 May to 25 June to ascertain the total value of the cash and items seized from the six residences linked to Najib.
He said that while the total valuation of the items amounted to RM686.37 million, their market retail value could be between RM910 million and RM1.1 billion.
2. More than 12,000 pieces of jewellery seized, including 2,200 rings; 2,800 earrings; 1,600 brooches; and 14 tiaras
While police had seized 284 boxes and 72 big bags containing money, jewellery and watches from the premises to be analysed and valued, 25 bags out of the 72 that were seized from Pavilion contained jewellery - 12,000 pieces.
Of all the jewellery items seized, the most valuable item seized was a white gold diamond necklace valued at RM6.4 million, Amar Singh revealed.
Here's a total breakdown of the jewellery items seized:
2,200 rings
1,400 necklaces
2,100 bracelets
2,800 pairs of earrings
1,600 brooches
14 tiaras
The estimated value of the jewellery was revealed at RM440 million, with their market value standing at RM880 million. It took 16 days to count the jewellery pieces.
3. 567 handbags valued at RM51.3 million
A total of 567 handbags were seized, out of which 37 belonged to various luxury brands such as Hermes, Prada & Chanel, revealed Amar Singh.
Additionally, while there were 567 handbags, the RM51.3 million value is of the 272 bags that the cops have checked so far.
6. RM116.7 million cash in 26 currencies
According to Amar Singh, the money took three days to count. He said 22 officers from Bank Negara Malaysia had counted the money using six cash machines.
"This is the biggest seizure in Malaysian history"
The CCID Director added that the case was classified under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
