Cops will an­nounce value of watches, jew­ellery once process is com­pleted

New Straits Times - - NEWS / STORY OF THE DAY - TEOH PEI YING cnews@nstp.com.my

FED­ERAL po­lice have re­futed claims that the count­ing and eval­u­a­tion of the items seized in con­nec­tion with in­ves­ti­ga­tions into 1Malaysia Devel­op­ment Bhd (1MDB) have been com­pleted.

Fed­eral Com­mer­cial Crime In­ves­ti­ga­tion Depart­ment direc­tor Datuk Seri Amar Singh said po­lice were in the midst of iden­ti­fy­ing, record­ing, au­then­ti­cat­ing and eval­u­at­ing the items seized from apart­ments at Pavil­ion Res­i­dences.

These, he said in a state­ment, in­cluded watches, jew­ellery and other valu­ables con­fis­cated on May 17.

Amar was re­spond­ing to a re­port by China Press head­lined “Count­ing com­pleted, 433 valu­able watches worth RM80 mil­lion, King of Watches worth RM3.5 mil­lion”, pub­lished a few days ago.

“Hence, the China Press re­port that the eval­u­a­tion of watches and jew­ellery is com­pleted is com­pletely pre­ma­ture as we have yet to fin­ish the au­then­ti­ca­tion and eval­u­a­tion process.

“I would like to ad­vise the press and the pub­lic to be pa­tient in this mat­ter.

“An of­fi­cial press con­fer­ence will be con­ducted by us to an­nounce the ac­tual value of the watches and jew­ellery once the au­then­ti­ca­tion and eval­u­a­tion process is com­pleted.”

China Press had re­ported that the eval­u­a­tion of the vast ma­jor­ity of 433 watches had been com­pleted and was found to to­tal RM80 mil­lion.

Quot­ing sources, the pa­per had claimed the watches were found in 37 bags seized from Pavil­ion Res­i­dences, with the most ex­pen­sive be­ing a Rolex worth RM3.5 mil­lion, fol­lowed by a Ce­cil Pur­nell at RM1.2 mil­lion.

It had re­ported that other brands seized were Patek Philippe and Richard Mille de­signer watches.

It also claimed that the 37 bags that had con­tained the watches, gold bars and de­signer jew­ellery were at the fi­nal stage of eval­u­a­tion since there were a few rare col­lec­tions that needed more ex­per­tise to check.

The news­pa­per, quot­ing a source, said ex­perts took five days, start­ing May 30, to com­plete eval­u­at­ing the de­signer and branded watches.

The eval­u­a­tion be­gan a few days af­ter po­lice and Bank Ne­gara Malaysia of­fi­cers had fin­ished count­ing the cash seized from the apart­ment, said to be­long to a Tan Sri linked to for­mer prime min­is­ter Datuk Seri Na­jib Razak.

The cash, in var­i­ous cur­ren­cies, to­talled RM114 mil­lion and took sev­eral days to count.

Po­lice seized 72 bags and 284 boxes con­tain­ing lux­ury hand­bags in search oper­a­tions con­ducted at 12 premises linked to Na­jib since the night of May 16.

Among the 12 premises searched were Na­jib’s house in Jalan Lang­gak Duta, three apart­ments at Pavil­ion Res­i­dences, the prime min­is­ter’s of­fice at the Prime Min­is­ter’s Depart­ment and Seri Per­dana, the prime min­is­ter’s of­fi­cial res­i­dence in Putrajaya.


Datuk Seri Amar Singh urges the press and the pub­lic to be pa­tient while po­lice com­plete their work.

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