IGP: 3rd-party experts, not cops, determined RM1.1b valuation
KUALA LUMPUR: Inspector-General of Police Tan Sri Mohamad Fuzi Harun has brushed off claims by former prime minister Datuk Seri Najib Razak that the valuation of items seized from premises linked to him was “subjective and unrealistic”, saying that third-party experts were called in for the task.
“The valuation of the items is based on the assessment of experts who know their true value.
“Police were not involved in determining the value of the seized items,” he said at Bukit Aman here yesterday.
In an interview with a news portal on Wednesday, Najib claimed that the RM1.1 billion valuation for the seized luxury items was “subjective and unrealistic”.
Fuzi said police had no issue with Najib’s request to view the seized items.
Federal Commercial Crime Investigation Department director Datuk Seri Amar Singh announced on Wednesday that the value of items seized from six homes linked to Najib on May 16 and 17 was between RM900 million and RM1.1 billion, and included jewellery, luxury handbags, branded watches, eyewear and foreign currencies.
In Johor Baru, Home Minister Tan Sri Muhyiddin Yassin said investigations into the case were ongoing and would not cease until those guilty were taken to court.
He expressed hope that it would not be long before those involved were charged.
“We have a task force looking into the 1Malaysia Development Bhd and misappropriation of SRC funds issues.”
Muhyiddin said the RM1.1 billion figure was shocking and “something that has never happened before in the history of the country”.
“It is extraordinary. People are saying it happened in the Philippines under then president Ferdinand Marcos and his wife, Imelda. It is shameful.”