Former Malaysian Prime Minister Najib Razak (Source: South China Morning Post) Kuala Lumpur (VNA) – Malaysian police said on June 27 that the valuables seized fromproperties related to former Malaysian Prime Minister Najib Razak are worth upto 273 million USD, the biggest seizure in the country’s history.
The valuables include cash, jewelry and 567luxury handbags, the police said.
Amar Singh, head of the police’s commercialcrime investigation department, said the retail value of the items could beworth between 910 million to 1.1 billion ringgit (225-273 million USD).
He revealed that the police will request for an investigationof the formerPM and his spouse.
Earlier, the Anti-Corruption Commission (MACC)announced identities of four men linked to the 1Malaysia Development Berhad(1MDB).
Tan Kim Loong, also known as Eric Tan, 40, wasidentified as a signatory for numerous bank accounts in Singapore from whichmoney from 1MDB accounts were laundered. The accounts were RBS Coutts Bankand Falcon Bank.
Tan has been a wanted man, togetherwith financier Low Taek Jho, also known as Jho Low, since October2016.
The other three including Tang Keng Chee (orCasey Tang), 53; Geh Choh Heng, 47 and Loo Ai Swan (or Jasmine Loo), 45, arewanted for investigations.
1MDB is an investment fund formed by formerMalaysian PM Najib Razak in 2009 with an aim to serve the country’ssocio-economic development.
Former PM Najib was accused for the loss of 3.7billion USD in transactions with other countries through the 1MDB. However, thefund representative and Najib repeatedly rejected the accusation.
Incumbent PM Mahathir Mohamad said that he willre-investigate the case and is determined to reclaim the loss.-VNA
The valuables include cash, jewelry and 567luxury handbags, the police said.
Amar Singh, head of the police’s commercialcrime investigation department, said the retail value of the items could beworth between 910 million to 1.1 billion ringgit (225-273 million USD).
He revealed that the police will request for an investigationof the formerPM and his spouse.
Earlier, the Anti-Corruption Commission (MACC)announced identities of four men linked to the 1Malaysia Development Berhad(1MDB).
Tan Kim Loong, also known as Eric Tan, 40, wasidentified as a signatory for numerous bank accounts in Singapore from whichmoney from 1MDB accounts were laundered. The accounts were RBS Coutts Bankand Falcon Bank.
Tan has been a wanted man, togetherwith financier Low Taek Jho, also known as Jho Low, since October2016.
The other three including Tang Keng Chee (orCasey Tang), 53; Geh Choh Heng, 47 and Loo Ai Swan (or Jasmine Loo), 45, arewanted for investigations.
1MDB is an investment fund formed by formerMalaysian PM Najib Razak in 2009 with an aim to serve the country’ssocio-economic development.
Former PM Najib was accused for the loss of 3.7billion USD in transactions with other countries through the 1MDB. However, thefund representative and Najib repeatedly rejected the accusation.
Incumbent PM Mahathir Mohamad said that he willre-investigate the case and is determined to reclaim the loss.-VNA
VNA
