Najib’s Haul Could Surpass Marcos’ Loot

2973
- Advertisement -

PKR de facto leader Anwar Ibrahim claims the haul from the police raids on residences linked to former prime minister Najib Razak could surpass the billions recovered from late Philippine dictator Ferdinand Marcos and his wife Imelda.

“I think we will probably register an impressive record surpassing that of Imelda and the rest,” he was quoted as saying in the Financial Times.

The Marcos family is said to have stolen between US$5 billion to US$10 billion from the Philippines between 1965 and 1986 while in power, with Imelda’s excesses achieving infamy worldwide.

Anwar also told the Financial Times that the scale of the abuse by the previous BN administration was “mind-boggling,” especially since many of their leaders had given speeches about helping the poor during their time in office.

“These guys are quite sick-minded,” he said.

The ongoing raids on Najib’s properties have produced a staggering haul from three condominium units linked to Najib at the Pavilion Residence in Kuala Lumpur.

As many as five police trucks were required to transport the haul comprising 72 bags of cash and 284 boxes of high-end designer handbags.

A report also noted that the police had confiscated more than 100kg of gold bars and an excess of RM100 million in cash from the condominium units, although police have declined to confirm this.

Police began their raids on Wednesday night at Najib’s home in Jalan Langgak Duta, Kuala Lumpur – just a week after BN suffered an unprecedented defeat at the polls – in search of any evidence relevant to their probe into the beleaguered state investment firm 1MDB.

Yesterday, a safe from the home claimed to have been locked for 20 years was cracked by the police, with cash reportedly found inside.

Aside from Najib’s home and the Pavilion Residence condominium units, Commercial Crime Investigation Department (CCID) director Amar Singh said the Prime Minister’s Office in Putrajaya is also being combed for evidence.

Najib is accused of having received US$731 million in allegedly misappropriated 1MDB funds.

US$620 million of the money he allegedly received was returned to accounts controlled by 1MDB-linked businessman Jho Low.

Najib has denied any wrongdoing. – Malaysiakini


Earlier reports:

May 18, Najib’s Safe Opened, Said to Contain Cash, Locksmiths Cracking Another 8 Safes

May 18, MACC Officers at Najib’s Home, Summoned to HQ on Tuesday

May 18, The Full List of First Items Seized, Speculation of 100Kg Gold Bars, RM100M Cash

May 18, Astounding Haul!

May 17, The Marathon Search at Najib’s Home Continues

May 17, Police Search Five Premises Linked to Najib

May 14, Police Cordon Off Entrance and Exit to Najib’s Private Residence

May 12, Purported Bid to Hide Rosmah’s Alleged RM10M Birkin Collection