Deputy Inspector-General of Police Ayob Khan Mydin Pitchay said these assets were declared by Loo to the police and also recorded in her statutory declaration (SD).
Loo is a former associate of fugitive financier Low Taek Jho, who is better known as Jho Low.
The assets include watches, handbags, real estate, two Picasso paintings, and monies in bank accounts.
According to Ayob, the value of the assets was calculated based on what they were worth in 2013. He said the assets were seized in Singapore, Switzerland, New York, London and Malaysia.
“So far, Jasmine Loo had confirmed her asset and real estate ownership in the United States, Switzerland, and Singapore, which were acquired using the funds embezzled from 1MDB,” he said in a media conference at the Bukit Aman federal police headquarters.
Ayob said the investigation showed that Loo is the owner of a company called River Dee International SA, which was registered in the British Virgin Islands.
This company, he said, operated a real estate business and opened an account at Falcon Private Bank with Low in November 2012.
Through the company, Loo received five transactions from several entities and companies totalling US$16 million.
The funds were used to purchase real estate in New York and London amounting to US$7.9 million and other investments in the United States.
A total of US$5 million from the funds had previously been frozen by the US Department of Justice (DoJ).
Ayob said Loo also informed them that Low had gifted her a Richard Mille watch, a Harry Winston watch, and a Birkin handbag.
He added that on July 17, the police seized several items purchased using the 1MDB funds valued at around RM625,500. The items include two watches, 13 handbags and a bracelet.
The police had also identified two Singapore bank accounts linked to Loo with deposits of at least S$4 million, as well as two condominium units in the island republic.
He said Loo had signed an SD on Aug 23 to return all those assets in Singapore to 1MDB. The SD was submitted to the commercial crime affairs department in Singapore.
Ayob added that the police were also in the midst of reclaiming Loo’s assets in the United States in the form of a condominium unit valued at RM21.4 million, nine paintings valued at RM8.1 million, and RM23.2 million in a bank account, as well as a condominium unit in London valued at RM12.9 million.
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