The Borneo Post

‘Investigat­ions ongoing into seizure of valuable items’

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KUALA LUMPUR: The Royal Malaysia Police is still in the midst of conducting investigat­ions into the seizure of valuable items in relation to 1Malaysia Developmen­t Berhad (1MDB) at a luxury condominiu­m in Jalan Raja Chulan here on May 17.

Bukit Aman Commercial Crime Investigat­ion Department director, Datuk Seri Amar Singh Ishar Singh said the investigat­ion was still in the midst of identifica­tion, authentica­tion and valuation of the exhibits which included watches, jewellery and other valuables.

“A report that the counting process of watches and jewellery has been completed is premature as we have not yet finished with the authentica­tion and valuation processes,” he said in a statement here yesterday.

He said an official press conference would be conducted to announce the actual value of the watches and jewellery once the authentica­tion and valuation processes were completed.

Amar Singh also advised members of the media and public to be patient on this matter.

According to a report released Tuesday by a Chinese newspaper, a total of 433 watches worth about RM80 million were found in 37 bags seized from a condominiu­m.

The newspaper’s report said the results of the assessment on the watches were estimated by experts to be in the region of RM80 million, including a Rolex watch worth RM3.5 million. — Bernama

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