KUALA LUMPUR — Police are certain of their investigations and procedures that led to the estimated RM1.1 billion value for cash and valuables seized from properties linked to former prime minister Datuk Seri Najib Razak, said Tan Sri Mohamad Fuzi Harun.
Responding to Najib’s reported dispute of the haul’s value, the inspector-general of police backed his Commercial Crime Investigation Department’s handling of the entire process as beyond reproach.
“We hired experts to value the seized items. We did not value it the conventional way.
“So we are certain with the expertise we called in and we stand by it,” he told the media in a press conference during the closing of Ops Selamat for 2018 in conjunction of Hari Raya.
Najib told Malaysiakini yesterday that the valuation of items was not as reported by the police.
He claimed the prices of jewellery acquired and gifted 20 years ago were much lower when new and that their current value was a result of appreciation, which he said made the appraised value open to interpretation.
Yesterday Bukit Aman Commercial Crime Investigation Department director Commissioner Datuk Seri Amar Singh revealed the appraised cost of 12,000 pieces of jewellery alone to be RM440 million, with their market price estimated at between RM660 million and RM880 million.
The market value includes workmanship cost, initial labour charges, design fees and more.
The police also seized 567 handbags worth RM51.3 million, 423 watches worth RM78 million and 234 pairs of sunglasses valued at RM374,000.
The count of cash contained in 35 bags seized from three units at Pavilion Residences was RM116.7 million in 26 different currencies, including another half a million ringgit in cash was also recovered from Najib’s home in Taman Duta.
IGP: No problem if Najib wants to see seized RM 1.1b valuables
KUALA LUMPUR— Police have “no problem” if Datuk Seri Najib Razak insists on having a look at the RM1.1 billion worth of cash, jewellery and other luxury items seized from the six properties linked to him during investigations into the 1Malaysia Development Berhad (1MDB) corruption scandal.
“If he requests to see the seized items, no problem. We kept the items at Bank Negara,” Inspector-General of Police Tan Sri Mohamad Fuzi Harun told reporters here today.
The country’s top policeman had been asked if he would approve a request from the former prime minister to look at the impounded goods.
Yesterday, Najib had played the ignorant husband card in claiming that he was unaware of the size of his wife’s collection of jewellery and other valuables in response to a police press conference announcing their appraised value earlier in the day.
The Pekan MP continued to dispute the valuation by police on the gems and other goods seized from the six residences in the Klang Valley, saying the amount was subjective and unrealistic.
Yesterday Bukit Aman Commercial Crime Investigation Department director Commissioner Datuk Seri Amar Singh Ali revealed the appraised cost of 12,000 pieces of jewellery alone to be RM440 million, with their market price estimated at between RM660 million and RM880 miillion
The market value includes workmanship cost, initial labour charges, design fees and more.
The police also seized 567 handbags worth RM51.3 million, 423 watches worth RM78 million and 234 pairs of sunglasses valued at RM374,000.
The count of cash contained in 35 bags seized from three units at Pavilion Residences was RM116.7 million in 26 different currencies, including another half a million ringgit in cash was also recovered from Najib’s home in Taman Duta.
MALAY MAIL
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