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Posted at: May 26, 2018, 1:17 AM; last updated: May 26, 2018, 1:17 AM (IST)

Cops seize $30 mn from Malaysian ex-PM Najib

Also accused of looting state fund 1MDB
Cops seize $30 mn from Malaysian ex-PM Najib
Malaysian Police chief Amar Singh addresses the media. AFP

Kuala Lumpur, May 25

Malaysian police on Friday said that they seized cash amounting to almost USD 30 million and over 400 handbags in raids on luxury apartments as they probed corruption allegations swirling around ousted leader Najib Razak.

The money and a vast trove of handbags, as well as watches and jewellery, were found in two condominiums in Kuala Lumpur.

A total of 12 locations, including the ex-leader’s home, were searched by the police last week as a part of an investigation into the scandal surrounding a sovereign wealth fund.

Giving an update, the police’s head of commercial crime Amar Singh said, “From the money found, there were 26 currencies, the total amount as of Thursday was 114 million (ringgit) (USD 28.6 million).” A total of 284 boxes containing designer handbags were found in that condominium. Police also seized about 150 handbags from another apartment in the same complex where Najib’s daughter was staying.

Najib’s defeated party, the United Malays National Organisation (UMNO),  insisted the seized cash was party funds, which the ousted leader had intended to return to the party. “Political funding is allowed under our laws,” said a party statement. — AFP 

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