KUALA LUMPUR, Sept 4 — An ultra-luxury Richard Mille watch and an Hermès handbag were among the RM93.2 million worth of assets that were allegedly purchased with money from...
KUALA LUMPUR, Sept 4 — An ultra-luxury Richard Mille watch and an Hermès handbag were among the RM93.2 million worth of assets that were allegedly purchased with money from 1Malaysia Development Berhad , according to the police.
Another watch on the list was from the luxury brand Harry Winston, and appears to be a model Ocean with the reference number OCSACH38ZZ008. It sold for over US$16,000 and could reach up to US$18,000 pre-loved. Loo was arrested by Malaysian police in early July after years outside the country to escape the law. She is said to be a close associate of fugitive Low Taek Jho or Jho Low, who is believed to have masterminded the 1MDB scandal which also involved former prime minister Datuk Seri Najib Razak.
Ayob today said that Loo was the owner of a company called River Dee International SA registered in the British Virgin Islands that was used to buy assets for Low as well as facilitate in opening of a bank account at the Falcon Private Bank in November 2012.
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