Friday, May 18, 2018

Malaysia Seizes Najib’s ‘Rather Big’ Trove of Jewels and Handbags

The Malaysian police said they removed 284 boxes of handbags from residences belonging to former Prime Minister Najib Razak and his wife, Rosmah Mansor.CreditAriffin Jamar/The Straits Times, via Reuters

The police investigating Malaysia’s former prime minister, Najib Razak, said they seized more than 350 boxes and bags containing cash, jewelry and designer handbags early Friday during searches of three residences.


Included in the haul were 284 boxes of handbags and 72 pieces of luggage containing cash, jewelry, watches and other valuables, said Amar Singh, chief of the police commercial crimes unit.

He said that the police needed to assess the seized items before they could put a value on the haul. But the amount of jewelry, he said, “is rather big.”

Mr. Najib and his wife, Rosmah Mansor, are at the center of a scandal over an estimated $7.5 billion that went missing from a government investment fund, 1Malyasia Development Berhad, which he oversaw. Authorities say that $731 million from the fund was deposited in Mr. Najib’s personal bank account.

Mr. Najib was defeated last week in his bid for re-election, marking the end of 61 years that his party, the United Malays National Organization, spent in power.

New York Times

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