ap interview: malaysia to sell bling seized in ex-pm's probe - diamond necklace set
The Malaysian government will sell a large number of jewellery and luxury goods, including diamond necklaces, tiaras and designer handbags seized with money --
Treasury secretary Lin Guanying told The Associated Press on Friday that former leader Najib Razak's money laundering investigation.
Last month, after a shocking election defeat, Najib confiscated 12,000 pieces of jewelry, 567 handbags, 423 watches and 234 pieces from properties related to Najib, police said
Police estimate that this is the largest transport in the country's history, worth more than $0. 273 billion.
Lim said in an interview with The Associated Press that the government will "make as much money as we can ".
He said that the number in the ocean has declined compared to about 50 billion ringgit ($12. 4 billion)
Losses related to the 1MDB investment fund established by Najib, including alleged blatant theft and loans used to cover up corruption.
"We will make as much money as we can, but remember that it's nothing compared to the amount robbed by the state," he said . " He also added that he was shocked by the police seizure.
Malaysians are incredibly responsive to this extensive collection on social media, including 2,200 rings, about 1,400 necklaces, 14 headwear and thousands of bracelets, earrings and brooch
For decades, Najib claimed that most of the items were gifts from foreign dignitaries and said that the police valuation was heavily exaggerated and appeared to be a "political retaliation" for his family ".
"Imagine that if this number is discovered or disclosed in the United States, even rich countries like the United States will be incredible," Lim said . ".
For a small country like Malaysia, he said, "it's not in the world at all . "
Najib set up the 1MDB fund when he came to power in 2009, but the fund has accumulated billions of debts. U. S.
Investigators say Najib's associates stole and cleaned up $4.
From 2009 to 2014, the fund received £ 5 billion, some of which were deposited in bank accounts in Najib. They say $27.
3 million was used to buy a rare diamond necklace for his wife Rosmah Mansor.
The new prime minister hath Mahathir Mohamad resumed his investigation of 1MDB, which was suppressed under Najib's rule and banned Najib and his wife from leaving the country.
Mahathir had been prime minister for 22 years until 2003, but was forced to retire due to the 1MDB scandal. Anti-
Corruption officials say Najib may soon face criminal charges.
Lim said that in 2015 there were allegations that about $0. 7 billion of 1MDB had flowed into Najib's bank account, a "game changer" that prompted 92-year-old hath Mahathir ", working with himself and other former enemies who were imprisoned during hath Mahathir's first tenure as leader.
"I said no one would be stupid enough to put money into their own personal bank account, especially if you deal with the prime minister.
"It's stupid who does this," he said . ".
"But we were shocked when we found out that it was true.
If Najib is re-elected, Lin says Malaysia will fall into a "deeper black hole ".
"Imagine if they win another term, the Cup will be empty," he said . ".
"Half-full glass will enable us to restore our finances and our health so that we can become a vibrant economy.
"Lim recently revealed corruption in some of the 1MDB-related projects after his opening of access to documents at the Treasury Department, but limited to a few projects, he said, he believes most of the major scandals have been revealed.
But he said there will be many smaller "mini 1MDB" scandals revealed over time.
Hath Mahathir is expected to hand over the baton to reformist leader Anwar Ibrahim under the election agreement after they agreed to bury twodecade feud.
Lin said Anwar's wife, currently a deputy prime minister, will resign at that time.
"This is a matter of time," he said . "
"We know who the next prime minister is.