‘bling’ seized from najib to be sold - diamond necklace set
Putrajaya: The government will sell a lot of jewelry and luxury goods, including diamond necklaces, tiaras and designer handbags, said Lin Guanying, finance minister, this is related to the Malaysian Development Bank's investigation of former leader Datuk Seri Najib Tun Razak.
Last month, 12,000 pieces of jewelry, 567 handbags, 423 watches and 234 sunglasses were confiscated after Najib's long shocking election defeat, police said
The police valued the country's largest transport in history for 1 yuan. 1bil.
Lim said in an interview with The Associated Press that the government will "make as much money as we can.
He said that compared to the losses associated with Najib's already non-existent 1MDB investment fund, this amount fell in the ocean, including the alleged blatant theft and loans used to cover up corruption.
"We will make as much money as we can, but remember that it doesn't matter compared to the amount robbed by the state," he said . ".
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 is 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.
S. investigators say Najib's associates stole and cleaned about 18 yuan from the fund from 2009 to 2014, some of which fell into Najib's bank account.
The new prime minister, Tun Mahathir, has resumed his investigation into 1MDB. 1MDB was suppressed under the rule of Najib and banned Najib
Mahathir served as prime minister for 22 years until 2003. He was forced to retire due to the 1MDB scandal.
Lim said allegations surfaced in 2015 that about $1 MDB flowed into Najib's bank account, it was prompted that Dr. hath Mahathir and others, including himself, were imprisoned during Mahathir's first leadership. —