Robbers and Tiaras: Police say RM1 billion seized in goods from Najib-linked homes

Members of the Malaysian Police’s Commercial Crime Investigation Department (CCID) hold up pictures of seized items while addressing media in Kuala Lumpur on June 27, 2018.
Items seized from six premises linked to ousted Malaysian leader Najib Razak, including cash, a vast stash of jewellery and luxury handbags, are worth up to 273 million USD, police said on June 27. / AFP PHOTO / Mohd RASFAN
Members of the Malaysian Police’s Commercial Crime Investigation Department (CCID) hold up pictures of seized items while addressing media in Kuala Lumpur on June 27, 2018. Items seized from six premises linked to ousted Malaysian leader Najib Razak, including cash, a vast stash of jewellery and luxury handbags, are worth up to 273 million USD, police said on June 27. / AFP PHOTO / Mohd RASFAN

After over a month since they were initially seized, police now say that they have calculated the amount of goods and cash seized from the six residences that were linked to disgraced former prime minister Najib Razak.

Are you ready to feel like a peasant? Here goes! Police say that the seizures amount in value from somewhere between RM900 million and RM1.1 billion (US$ 225 million to US$ 273 million).

Among the items taken by police were RM116 million (US$28.8 million) in 26 different foreign currencies, and 12,000 pieces of jewelry – among them 2,200 rings (enough for 220 fully-decorated digits), 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings, 1,600 brooches, and … 14 tiaras.

Police also uncovered hundreds upon hundreds of luxury handbags from 37 different brands, nearly 500 high-end watches valued at RM78 million (US$15 million) and 234 sunglasses worth RM374,000 (US$93,000).

In case you were wondering, it’s the largest seizure in Malaysia’s history, probably because it was essentially taking everything we actually had.

The May raids were in relation to on-going investigations into the role the former PM had in misappropriating funds from the state sovereign wealth fund, 1MDB.

A report this week from the Wall Street Journal has laid much of the blame of where money went on Najib’s wife, a lover of handbags and tiaras, Rosmah Mansor.

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