The Student Room Group

Malaysian police seize $273,000,000 worth of goods in 1MBD corruption scandal

This is, of course, from the ex-pm who said a missing sum of around $700,000,000 that diapered from the investment fund and somehow ended up in his own bank account - which he then claimed was a 'gift' from a Saudi prince.
Over a billion dollars has gone walkies from the state investment fund - that deals with surplus oil revenue - and it is largely suspected that he, his family and cronies siphoned off the funds to lead a life of palatial luxury.
I must say, the missus is from Malaysia, and the response when i showed her this link included more invective than is decent for anybody to know :rolleyes:


Malaysian police have seized a trove of jewellery, handbags and cash worth up to $273m (£206m) from properties linked to former prime minister Najib Razak and his wife Rosmah Mansor.
A $1.6m gold and diamond necklace, 14 tiaras and 272 Hermes bags were taken as part of corruption investigations into state investment fund 1MDB.
Billions of dollars are unaccounted for from the fund, set up by Mr Najib.
He has been under investigation since his shock election loss in May.
Police describe the seizure of valuables as the biggest in Malaysian history.
Jewellery accounted for the biggest portion, with 12,000 items gathered - the most expensive being the $1.6m necklace.

A total of 567 handbags containing almost $30m in cash were also seized, along with 423 watches and 234 pairs of sunglasses, police say.

"We couldn't do the counting at the premises because the numbers were too huge," Amar Singh, head of the police commercial crime division, told a news conference.
He added that it had taken officials five weeks to count the items and calculate their value.
Over the years fMs Rosmah has come to be known for her indulgent shopping habits and love of branded goods.

She has been compared to former Philippines first lady Imelda Marcos, who was also known for her love of shoes and other luxury goods.
Corruption claims were a major cause of Mr Najib's election loss to his former ally Mahathir Mohammad.
Mr Najib was alleged to have pocketed $700m from the fund, a charge he has denied.
Since he lost the election, Mr Najib and his wife have been questioned by anti-graft investigators and he has been banned from leaving the country.


https://www.bbc.com/news/world-asia-44625007
Absolutely shocking - all the more so that he tried to pass off the original fund pocketing as a gift!
Reply 2
Original post by shadowdweller
Absolutely shocking - all the more so that he tried to pass off the original fund pocketing as a gift!


It was one hell of a ballzy move though, I’ve almost got to give him credit for such a shameless and barefaced lie 😂
Original post by Napp
It was one hell of a ballzy move though, I’ve almost got to give him credit for such a shameless and barefaced lie 😂


At least he didn’t say it was from a Nigerian Prince I guess - that’s such a commonplace scam it would have been an even more glaring thing :tongue:
Reply 4
Update:
The villain has been charged :smile:
https://www.bbc.com/news/world-asia-44706842

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