Najib, Rosmah and 'gift givers' to be quizzed soon in 1MDB probe

Malaysian police search places linked to ousted PM Najib   

Malaysian police search places linked to ousted PM Najib Open

He added that it had taken officials five weeks to count the items and calculate their value.

Najib set up the 1MDB fund when he took power in 2009, but it accumulated billions in debts.

According to the USA justice department, assets purchased using 1MDB money include a Picasso painting, luxury real estate in South California and NY, shares in a Hollywood production company and a $265 million yacht, and more than $200 million worth of jewellery - including a 22-carat pink diamond pendant and necklace.

Jewellery accounted for the biggest portion of the seizure - 12,000 pieces of jewellery valued at between 660 million to 880 million ringgit, Singh said.

"There were copies of original bags, I would not call them fakes but they were good copies which were expensive", he said.

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The most valuable timepiece, he said, was a rare Rolex "Paul Newman" Daytona, estimated to be worth RM3.5 million.

The authorities also found RM116.7 million in cash, slightly higher than previously disclosed.

Amar Singh, Malaysia police's head of commercial crime, said raids on six properties linked to Mr Razak had led to the seizure of 12,000 pieces of jewellery valued at 880m ringgit (£165m).

He had been working for Najib since 2009 and owned a company which allegedly received RM2 million from Najib via SRC International, a subsidiary of 1MDB, according to PKR vice president Rafizi Ramli who exposed the matter a year ago.

Barred from leaving the country, Najib said last week that the items seized were wedding gifts and campaign funds.

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It took three days, six cash counting machines and 22 officials from the central bank to count the cash found at the premises, he said, adding the cash totalled 116.7 million ringgit.

He said his son-in-law Daniyar Nazarbayev, the nephew of Kazakhstan President Nursultan Nazarbayev, had also gifted many handbags to Rosmah.

And 567 handbags were seized, including designer Hermes bags worth 51.3m ringgit (£9.6m), he added. The rest have not been evaluated, but Singh said they included a custom-made handbag by Los Angeles-based House of Bijan, known to be patronised by the world's richest people.

A total of 234 pairs of sunglasses were seized, worth an estimated 374,000 ringgit.

But Mahathir said Najib was fully responsible for the 1MDB scandal and authorities had "an nearly flawless case" against the former leader.

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Prime Minister Mahathir Mohamad is seeking to recoup $4.5 billion of funds potentially lost through troubled state company 1MDB, which has spawned global probes from the Switzerland.

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