Najib raids: $273m of goods seized from former Malaysian PM's properties

Malaysian police have seized a cache of jewellery, handbags and watches worth up to $273m (£207m) in a series of raids on houses of former Malaysian prime minister Najib Razak.

Issue

1MDB

Directly implicated parties

Indirectly implicated parties

Implicated parties through circumstantance

Najib Razak: Mohd Najib bin Abd Razak is a Malaysian politician who served as the 6th Prime Minister of Malaysia from 2009 to 2018

Rosmah Mansor: Wife of Najib Razak

Disclosing Parties

Royal Malaysian Police: Royal Malaysia Police (Polis Diraja Malaysia PDRM)

Source

Link

Hannah Ellis-Petersen, The Guardian UK, (27 Jun, 2018). Najib raids: $273m of goods seized from former Malaysian PM's properties. Retrieved 28 May, 2020, from https://web.archive.org/web/20191105095258/https://www.theguardian.com/world/2018/jun/27/najib-raids-273m-of-goods-seized-from-former-malaysian-pms-properties

File(s)

Notes

Police described it as the biggest seizure in Malaysian history. The total market value of the goods was estimated to be between $223m and $275m.

“About 12,000 jewellery [items] were seized worth RM440m,” said Singh, adding that it had taken 16 days to count the value of them all.

The most expensive item was a gold and diamond necklace worth $1.6m.

The value of the Hermes handbags alone was $12.7m, while the watches, which were from 100 different makes including Rolex, Richard Mille and Chopard, were valued at $19m. 274 pairs of designer sunglasses, made by brands such as Cartier, Versace and Dior, were also part of the seized stash.