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

PHOTO: The Straits Times

KUALA LUMPUR - Dozens of designer handbags stuffed with cash and jewellery were seized during Malaysian police raids on luxury properties linked to ex-prime minister Najib Razak on Friday, as a corruption probe gathered pace.

Officers removed Hermes, Birkin and Louis Vuitton bags as part of a trove whose value they said they could not yet estimate because of its sheer volume.

The discovery adds significantly to the peril faced by Najib, who just last week had seemed to be cruising toward an election victory before a stunning upset.

Police launched extensive searches of Najib's home and several other sites starting late Wednesday, making good on a pledge by the new government headed by 92-year-old Prime Minister Mahathir Mohamad to investigate Najib.

Officers had previously declined to comment on the searches.

But Amar Singh, head of the Malaysian police commercial crime investigation unit, on Friday confirmed the raids were linked to investigations into accusations that Najib, his family, and cronies looted billions from a state investment fund he founded.

"I can't give an estimated value of the items," Amar told reporters at the upscale Kuala Lumpur condo complex where the raids were carried out.

"We have sealed the bags but we know they contain money and we know they contain jewellery." .

Malaysian police search places linked to ousted PM Najib

  • The cash and items seized from the six residences linked to Datuk Seri Najib Tun Razak amounted to between RM900 million (S$304 million) and RM1.1 billion, say the police.
  • He said that more than 12,000 pieces of jewellery - comprising 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings,1,600 brooches and 14 tiaras were seized.
  • He added that this was the biggest seizure in Malaysian history.
  • Najib's wife Rosmah Mansor arrived at the headquarters of the Malaysian Anti-Corruption Commission (MACC) to have her statement recorded in connection with a suspicious transfer of about $10.6 million (S$14.2 million) from the former 1MDB unit SRC International.
  • The sum is just a fraction of the billions of dollars allegedly siphoned from 1MDB, the state fund that Najib set up, in a scandal that dogged the last three years of his near-decade-long rule and was a key reason why he was voted out in a May 9 election.
  • M. Puravalen, a lawyer acting for Najib and Rosmah in connection with the SRC investigations, told Reuters on Tuesday he had "ceased acting" for Najib and Rosmah.
  • He said a second lawyer, Yusof Zainal Abideen, had also quit.
  • Puravalen, Abideen and other members of their legal team were reported to have walked out because they failed to reach common ground with Najib on several issues.
  • Najib has already made a series of statements to anti-graft investigators
  • but attention has shifted to his wife after police discovered hundreds of luxury handbags and a stash of jewelry and cash during raids on apartments linked to Najib and his family.
  • Malaysian police have seized 284 boxes filled with designer handbags, watches, jewellery and cash in various currencies from three luxury condominiums.
  • Comm Amar said the designer handbags were of various brands including Louis Vuitton and Birkin bags from Hermes.
  • He added that it was impossible for police to estimate the value of the items seized because there were just too many items and cash seized.
  • He also said that the apartment was not owned by Najib but a "Tan Sri".
  • Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Amar Singh, who led the raids at Pavilion Residences here said this was part of its investigations into 1MDB.
  • This follows a police check of six locations linked to former prime minister Datuk Seri Najib Tun Razak here and in Putrajaya, including the Prime Minister's Office, his official residence as well as four other residences.
  • When asked whether Najib would be arrested, he said: "There is no indication that they (the police) will do it."
  • He said Najib and his family were cooperative with police. "They (the police) also acted professionally," he said.

MONEY BAGS

He said 72 of the bags were filled with large amounts of "various currencies, including Malaysian ringgit, US dollars, watches and jewellery".

"The amount of jewellery is rather big," he said.

Footage captured by local media showed cardboard boxes and suitcases, sealed in plastic wrapping, being loaded into a black police truck. It took five trucks to remove all of the seized items, reports said.

Just last week, 64-year-old Najib was widely expected to lead his powerful Barisan Nasional (National Front) political machine to victory, extending a more than six-decade reign that had made it one of the world's longest-serving governments.

But his coalition - accused of ballot-box stuffing and gerrymandering - was unexpectedly trounced by a diverse alliance that rallied public support against Najib's suspected corruption and increasingly repressive tactics.

The handbag discovery will add to public scorn for Najib's wife Rosmah Mansor, who has long been reviled by Malaysians for her perceived haughty demeanour and reported vast collection of designer bags, clothing and jewellery collected on jet-set overseas shopping trips.

Her reputation contributed to voter perceptions of rot in a ruling establishment that had lost touch with economically struggling and middle-class Malaysians.

Mahathir had already barred Najib from leaving the country in the wake of last week's election over allegations that he oversaw the looting of billions of dollars from sovereign wealth fund 1MDB in a breathtaking and complex campaign of fraud and money-laundering stretching around the world.

The police actions have fuelled speculation in Malaysia that Najib would soon be taken into custody, but so far there has been no indication that his arrest was imminent.

Mahathir and Anwar Ibrahim, the former opposition leader who was jailed under Najib but freed on Wednesday, indicated this week that they expected charges to be filed against Najib soon.

 

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