Former Malaysian Prime Minister Najib Razak (Source: South China Morning Post)
 
Kuala Lumpur (VNA) – Malaysian police said on June 27 that the valuables seized from properties related to former Malaysian Prime Minister Najib Razak are worth up to 273 million USD, the biggest seizure in the country’s history.

The valuables include cash, jewelry and 567 luxury handbags, the police said.

Amar Singh, head of the police’s commercial crime investigation department, said the retail value of the items could be worth between 910 million to 1.1 billion ringgit (225-273 million USD).

He revealed that the police will request for an investigation of the formerPM and his spouse.

Earlier, the Anti-Corruption Commission (MACC) announced identities of four men linked to the 1Malaysia Development Berhad (1MDB).

Tan Kim Loong, also known as Eric Tan, 40, was identified as a signatory for numerous bank accounts in Singapore from which money from 1MDB accounts were laundered. The accounts were RBS Coutts Bank and Falcon Bank.  

Tan has been a wanted man, together with financier Low Taek Jho, also known as Jho Low, since October 2016.  

The other three including Tang Keng Chee (or Casey Tang), 53; Geh Choh Heng, 47 and Loo Ai Swan (or Jasmine Loo), 45, are wanted for investigations. 

1MDB is an investment fund formed by former Malaysian PM Najib Razak in 2009 with an aim to serve the country’s socio-economic development.

Former PM Najib was accused for the loss of 3.7 billion USD in transactions with other countries through the 1MDB. However, the fund representative and Najib repeatedly rejected the accusation. 

Incumbent PM Mahathir Mohamad said that he will re-investigate the case and is determined to reclaim the loss.-VNA