malaysia to sell bling seized in ex-pm’s probe - diamond necklace set
: The Malaysian government will sell a large number of jewelry and luxury goods, including diamond necklaces, tiaras and designer handbags seized with money --
Treasury secretary Lin Guanying told The Associated Press that former leader Datuk Seri Najib Tun Razak's money laundering investigation.
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
Police estimate that this is the largest shipment in the country's history, worth more than $ 273mil.
Lin said in an interview with The Associated Press on Friday 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 yuan (US$12. 4bil)
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.
S. investigators say Najib's associates stole and cleaned up $4.
The fund's 5bil from 2009 to 2014, some of which fell on bank accounts in Najib. They say US$27.
3mil was used to buy a rare diamond necklace for his wife Datin Seri Rosmah Mansor.
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. Anti-
Corruption officials say Najib may soon face criminal charges.
Lim said that the allegations that emerged in 2015 said that about $1 MDB flowed into Najib's bank account, which was the reason for the 92-year-old Dr. hath Mahathir to change the rules of the game. Working with former enemies including himself and others who were imprisoned during Dr. 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.
Dr Mahathir is expected to hand over the baton to reformist leader Dato' Seri 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. ” -