Wednesday, 21 November, 2018

Cash-filled designer handbags seized in raids on Malaysia's Najib

Cash-filled designer handbags seized in raids on Malaysia's Najib Cash-filled designer handbags seized in raids on Malaysia's Najib
Patty Aguilar | 18 May, 2018, 16:19

He has denied any wrongdoing.

Police seized 284 boxes of designer handbags and dozens of bags filled with cash and jewellery in the raid on a luxury condominium in the centre of Kuala Lumpur linked to Najib.

State news agency Bernama reported Friday that 72 bags of jewelry, cash in a variety of currencies, nearly 300 boxes of designer handbags, and other luxury goods were seized in a raid Wednesday night in the downtown Kuala Lumpur development Jalan Raja Chula.

Last week, Prime Minister Tun Dr Mahathir Mohamad said he expected charges to be filed against Najib following investigations over the removal of hundreds of millions of United States dollars from the 1Malaysia Development Berhad (1MDB) fund.

It is learnt that another raid was also conducted simultaneously at luxury apartment that was recently reported to have been turned into a storage place for the plush handbags and accessories allegedly owned by Najib's wife Rosmah Mansor.

Bukit Aman Commercial CID director Datuk Seri Amar Singh Ishar Singh has confirmed that the police searched the private residence of Najib in Taman Duta, Kuala Lumpur, last night.

Since 2015, Najib has been embroiled in a multibillion-dollar scandal alleged to be 1MDB funds.

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Najib's lawyer on Thursday denounced the search of Najib's home as "harassment".

This followed after 16 police vehicles and a truck were seen entering Najib's residence at around 10.15 pm last night. "We all feel sad about what happened but as a party that upholds democratic principles, we accept the people's decision", he said, referring to the stunning defeat of the long-ruling alliance in Wednesday's general election.

The U.S. Justice Department said past year in a filing in a civil lawsuit that almost $30 million of funds stolen from 1MDB was used to buy jewellery for Rosmah, including a rare 22-carat pink diamond set in a necklace.

Singh said the valuables were seized late on Wednesday in raids on six properties linked to the former premier, including the prime minister's office and official residence as well as four private residences.

Sources said the raid was an evidence-gathering operation to especially seek documents related to 1MDB.

A prime minister earns a fixed salary of 22,826.65 ringgit ($5,750) a month and can not invest in businesses or stocks while in office.

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