1MDB forfeiture: Najib, Rosmah stake claim on 7 watches, RM1m bracelet

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Lebanese jewellery company Global Royalty Trading SAL and Datin Seri Rosmah Mansor are both staking a claim on a US$220,000 white gold diamond bracelet which is currently stored in Bank Negara Malaysia’s (BNM) vaults, the High Court here heard on Wednesday (May 25).

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Rosmah’s lawyer Azamuddin Abd Aziz informed Judge Datuk Muhammad Jamil Hussin that the wife of former prime minister Datuk Seri Najib Razak wanted to proceed with her claim on the said bracelet.

“The pictures of the jewellery would be received today. We need time to seek…instructions from Rosmah regarding the third-party claim,” he said when the matter came up for case management.

Previously, Rosmah’s legal team had applied for pictures of the seized jewellery to facilitate her claim.

Meanwhile, Global Royalty’s lawyer Datuk David Gurupatham insisted that the bracelet belonged to the jewellery company as it was already verified by an expert from the company during a physical inspection last year.

“My Lord, Rosmah did not turn up to BNM for the inspection, and she waived the right for the inspection of the jewellery. For the record, Supt Foo Wei Min, who was the officer in charge, has physically inspected every single piece of the jewels. An expert from Global Royalty also verified that it belonged to the company,” said the counsel.

The bracelet was among various items seized by the police from premises belonging to Obyu Holdings Sdn Bhd at Pavilion Residences in May 2018, and allegedly linked to the 1Malaysia Development Berhad (1MDB) financial scandal.