We’ll sell jewellery, luxury goods seized from Najib, says Guan Eng

We’ll sell jewellery, luxury goods seized from Najib, says Guan Eng

But the finance minister says the items and cash estimated by police to be worth more than RM1 billion were nothing compared to huge losses in 1MDB.

Free Malaysia Today
Photographs of items seized from premises linked to Najib Razak on June 27. (Bernama pic)
PETALING JAYA:
Finance Minister Lim Guan Eng said the government would sell the jewellery and luxury items seized from Najib Razak.

“We will try to monetise whatever we can, but bear in mind it is nothing compared to the amount that has been robbed from the state,” he told Associated Press in an interview.

On Wednesday, police revealed that cash and items worth over RM1 billion were seized during raids at several premises linked to the former prime minister including at his house in Taman Duta, Kuala Lumpur.

They include some 12,000 pieces of jewellery, over 1,000 handbags and watches and more than 200 sunglasses.

Lim said the value of the seized items was still “a drop in the ocean” compared to the losses in troubled state fund 1MDB.

But he said the amount was huge for a “small country” like Malaysia.

“Imagine if that amount was discovered or revealed in the United States, it would be mind boggling even for a country as wealthy as rich as the United States,” he said in the AP interview, adding that the revelation was “completely out of this world”.

Over RM1 billion in items seized from Najib raids, say cops

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