Featured News RM1 billion seized from Najib-Rosmah police haul

RM1 billion seized from Najib-Rosmah police haul




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The cash stash and luxury items seized from the six residences linked to Malaysian ex-PM Najib Razak amounts to between RM900 million and RM1.1 billion in value.

This was revealed today by the Federal Commercial Crime Investigation Department (CCID) Director Amar Singh.

He said it took police from May 21 to June 25 to ascertain the value of the cash and items seized. The raids are linked to the 1MDB scandal.

Najib has repeatedly said the cash was for Barisan Nasional elections and the items seized were wedding gifts for his daughter.
He also said some of the luxury items were gifts from friends.
However, it will be difficult to explain the RM1.1 billion worth of cash and items found in his residences.

Amar Singh said that more than 12,000 pieces of jewellery – comprising 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings,1,600 brooches and 14 tiaras were seized.

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The most expensive item was a necklace that had a value of at least RM6mil, he told a press conference on Wednesday (June 27).

But it appears the famous pink diamond was not among the items seized!

The value of these items, without taking into account workmanship costs, was estimated to be about RM440mil, said Comm Amar and they have a market value of 50 to 100 per cent more.

He also that among the biggest seizure in Malaysian history were 423 watches worth RM78mil and 234 sunglasses worth RM374,000 seized.

Police also seized 567 handbags made up of 37 luxury brands, with an estimated value of RM51.3mil, said Comm Amar.

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