Malaysian Police Seize $29 Million in Cash Linked to 1MDB
- Police seize 114m ringgit of cash, 284 boxes of handbags
- Malaysia is ramping up investigation into state fund 1MDB
Malaysia Police Seize $29 Million in Cash Linked to 1MDB
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Malaysian police seized about $29 million in cash, hundreds of handbags, as well as jewelry and watches in raids linked to former Prime Minister Najib Razak amid an investigation into 1MDB.
In a search of an empty apartment on May 18, police found cash equivalent to 114 million ringgit in 26 denominations in 35 bags, while another 37 had jewelry and watches, Commercial Crime Investigation Department Director Amar Singh Ishar Singh said on Friday. Najib’s children resided in two other units in the same residential complex, which were also searched, though most of the seizures were made at the empty unit, Singh said.