Items seized from Najib-linked homes valued at RM320m

PETALING JAYA: The amount of cash taken from premises linked to ousted prime minister Datuk Seri Najib Abdul Razak amounted to RM120 million, while luxury items seized were conservatively valued at RM200 million.

The cash in multiple denominations took police an arduous 12 hours to count.

The counting was done in two phases at the police Commercial Crimes Investigation Department’s office in Menara 238, Jalan Tun Razak, Kuala Lumpur.

The first phase on Monday involved 11 bags.

Yesterday, officers spent 12 hours, starting from 8am, counting money from 16 other bags. All the money was then placed in 15 boxes and transported to Bank Negara Malaysia, a source said.

theSun earlier reported that the estimated value of the seizure of branded goods, cash, gems, luxury watches and other plush items in the police raids related to the probe on Najib is believed to exceed RM200 million.

Sources said wads of cash in local and foreign currencies amounted to more than a third of the estimated value.

It is learnt the tedious valuation of the large quantities of confiscated luxury goods – mainly hundreds of designer handbags, shoes and watches are expected to be made with the help of third-party evaluators called in by investigators from the police anti-money laundering unit.