Global Courant
KUALA LUMPUR – Some 40 luxury handbags linked to 1Malaysia Development Berhad (1MDB) worth hundreds of thousands of ringgit are up for auction, Malaysia’s Law and Institutional Reform Minister Azalina Othman Said said.
She said the government has applied through the Attorney General’s Chambers for the forfeiture of assets related to the misappropriation of 1MDB funds.
“So far, among the assets seized by the police and the Malaysian Anti-Corruption Commission (MACC), which have been confiscated, are 40 luxury handbags estimated to be worth hundreds of thousands of ringgit,” Datuk Seri Azalina said in a parliamentary statement. meeting. written answer to Member of Parliament Lim Lip Eng.
Mr. Lim had requested details of the total amount and type of assets resulting from the misappropriation of funds from 1MDB.
“Cash in the amount of RM 66.96 million (S$19 million) seized by the police has been deposited in a special trust account under the Ministry of Finance, while an estimated RM 16.06 million has been seized by the MACC, has been transferred to the government revenue account.
“The 40 handbags are currently being auctioned,” Ms. Azalina added.
In 2018, police seized several boxes of designer bags from an apartment in Pavilion Residences in Malaysia’s capital Kuala Lumpur. Among them were the 40 luxury bags.
The seized items were linked to former Prime Minister Najib Razak and his wife Rosmah Mansor. THE STAR/ASIA NEWS NETWORK
