Malaysia: Biggest seizure in history – New Straits Times

PHOTO: New Straits Times
“Items included 423 watches worth seventy eight million Malaysian Ringit, together with the costliest one, a Rolex Paul Newman Daytona value about 3.5 million Ringit. (1 Malaysian Ringit = ~8 Thai Baht)
PBS English is reporting that as a lot as 1.1 billion Malaysian Ringit (about 9 billion baht) value of cash, jewellery, luxury handbags and watches, as nicely as sunglasses have been seized from residences and offices linked to former Malaysian prime minister Najib Tun Razak in the ongoing investigation into 1Malay­sia Development Berhad (1MDB), making it the largest seizure in Malaysian historical past, in accordance with The Star newspaper.
But chatting with on-line information web site Malaysiakini the former premier insisted that the gadgets are primarily presents and some others were bought. He also said his wife doesn’t imagine the valuation will come up to that quantity.
Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Amar Singh said the collective worth of the objects seized was estimated at between 900 million and 1.1 billion Malaysian Ringit, the paper reported.
“Of course we are shocked. Inexpensive think this is the largest seizure in the country’s history,” he informed reporters on the CCID headquarters yesterday.
“They include Seri Perdana, an workplace (in Putrajaya), three items at Pavillion Residences and his (Najib) personal residence in Langgak Duta,” Comm Amar stated.
He added that more than 12,000 pieces of jewelry, together with 2,200 rings, 1,400 necklaces, 2,a hundred bracelets, 2,800 pairs of earrings, 1,600 brooches and 14 tiaras, were among the many items seized.
“The most costly merchandise is a yellow and brown diamond necklace, which has a value of no much less than RM6.4 million (52 million baht), “ he mentioned.
He stated the police have been within the process of figuring out whether a variety of the objects were offered to Najib as gifts.
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