The bags had been seized in relation to the misappropriation of 1MDB funds. Read more at straitstimes.com.
that are worth hundreds of thousands of ringgit are being auctioned off, says Malaysian Law and Institutional Reform Minister Azalina Othman Said.
She said the government, through the Attorney General’s Chambers, has filed an application for the forfeiture of assets in relation to the misappropriation of 1MDB funds. “So far, the assets seized by the police and the Malaysian Anti-Corruption Commission , which have been forfeited, include 40 high-end handbags estimated to be worth hundreds of thousands of ringgit,” she said in a parliamentary written reply from MP Lim Lip Eng.
He had asked details about the total amount of, and type of assets resulting from the misappropriation of funds from 1MDB. “The cash amounting to RM66.96 million seized by the police has been deposited into a special trust account under the Finance Ministry, while an estimated RM16.06 million seized by the MACC has been transferred to the government’s revenue account.In May 2018, police confiscated more than 200 boxes of designer bags from an apartment in Pavillion Residences in the Malaysian capital Kuala Lumpur.The items seized were linked to former prime minister Najib Razak and his wife Rosmah Mansor.
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