IGP rejects Najib's dispute, says 3rd party experts determined RM1.1 billion valuation

KUALA LUMPUR - Inspector-General of Police Tan Sri Mohamad Fuzi Harun today brushed aside claims by former prime minister Datuk Seri Najib Tun Razak that the valuation of items seized from homes linked to him was “subjective and unrealistic,” saying that third-party experts were called in for the task.

“The valuation of the (luxury) items is based on the assessment of experts who know their true value.

“We were assisted by experts on the brands of items seized, and the police are not involved in determining the value of the goods,” he told reporters at Bukit Aman here this morning.

In an interview with a news portal yesterday, Najib claimed that the valuation of RM1.1 billion for the luxury items seized was “subjective and unrealistic.”

Meanwhile, Mohamad Fuzi said the police have no issue with Najib’s request to view the seized items, if there is a need to do so.

Yesterday, Commercial Crime Investigation Department director Datuk Seri Amar Singh Ishar Singh announced that the total value of items seized from six homes linked to Najib on May 16 and 17 were worth between RM900 million to RM1.1 billion, and included jewellery, luxury handbags, branded watches and eyewear, as well as cash in several foreign currencies. – BERNAMA