Bukit Aman Commercial Crime Department chief Amar Singh says the China Press report on the issue is 'premature'.
FMT Reporters | June 14, 2018
PETALING JAYA: Police today disputed a report that they had finished counting the watches seized in the 1MDB probe, saying they were still in the midst of identifying, authenticating and evaluating the valuables.
In a statement, Bukit Aman Commercial Crime Department chief Amar Singh said the report by China Press that police had completed counting 433 watches, said to be worth RM80 million, was 「premature」.
In its report yesterday, the Chinese daily said the most expensive timepiece, believed to be a Rolex, cost RM3.5 million. Other luxury brands included Patek Philippe and Richard Mille.
China Press also said it had taken experts five days, beginning May 30, to finish counting the six bags』 worth of watches.
Amar advised both the media and members of the public to be patient in the matter.
「An official press conference will be conducted by us to announce the actual value of the watches and jewellery once the authentication and valuation process is completed.」
Last month, the police searched premises linked to former prime minister Najib Razak as part of their probe into corruption and money laundering allegations related to 1MDB.
The searches turned up 72 bags of cash and valuables, and nearly 300 boxes containing luxury handbags.
Police said a total of RM114 million was found in 35 of the 72 bags, while the remaining 37 bags contained jewellery and other valuable items.
'Watches seized from Pavilion Residences apartment worth RM80 million'
(file pix) The daily reported that the most expensive of the 433 watches found in 37 bags was a Rolex which experts valued at RM3.5 million, followed by a Cecil Purnell priced at RM1.2 million. NSTP/ MOHD FADLI HAMZAH
By Kalbana Perimbanayagam - June 13, 2018 @ 5:43pm
KUALA LUMPUR: The branded watches seized from a luxury apartment in Pavilion Residences last month are estimated to be worth RM80 million, according to China Press.
The daily reported that the most expensive of the 433 watches found in 37 bags was a Rolex which experts valued at RM3.5 million, followed by a Cecil Purnell priced at RM1.2 million.
It said, among the other brands seized, were Patek Philippe and Richard Mille designer watches.
It also said that the 37 bags which had contained the watches, gold bars and designer jewellery were currently at the final stage of evaluation since there are a few rare collections which need more expertise to check.
The newspaper, quoting a source, said experts took five days, starting May 30, to complete evaluating all the designer and branded watches.