RM130 Million Counted and Seized from Najib’s Pavilion Residences

By Ammar Haziq  •  24 May 2018 in News

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After a week of counting cash, investigators finally concluded the task and totalled nearly RM130 million in various currencies seized from the three luxury condominiums at Najib Razak’s Pavilion Residence. It was found packed in 72 luggages bags among 284 boxes that were filled with designer handbags. The luxury items are estimated to be worth around RM200mil according to The Sun Daily. Talk about ballin’…

According to The Star, officers from the Bukit Aman Commercial Crime Investigation Department (CCID), investigators completed the rigorous task of counting the cash on Wednesday (May 23) at its headquarters at Menara 238 along Jalan Tun Razak, after the cash was seized on Monday. The investigators pulled long hours just to ensure the process was done thoroughly–this included recording every note’s serial number.

A source said that some 35 bags of cash were counted by police personnel with the assistance of Bank Negara Officers and were then transported to Bank Negara for storage following the counting process.

The bags of money were among the 284 boxes filled with designer handbags, watches, and jewellery seized from the three condominiums and because of the sheer volume, it’s difficult to estimate the exact value, although some sources said the jewellery could worth RM200 million. Police will appoint a professional valuer to determine the exact value of the jewellery and other valuables.

After police had seized the cash, Najib lodged a police report claiming that the seized cash were donations from his friends and meant for Barisan Nasional’s election campaign.

When contacted, Bukit Aman CCID Director Comm Datuk Seri Amar Singh declined to comment on the matter as the issue is still under investigation.

“I cannot comment on the amount of cash that have been counted. I will hold a proper press conference to address the progress of the investigation,” he said.

The raids were part of police investigations into 1MDB.