GEORGE TOWN: Police say they have a year to complete their probe on the cash and jewellery seized from properties linked to former prime minister Najib Razak as provided for under the law.
Deputy Inspector-General of Police Noor Rashid Ibrahim was responding to questions on a suit brought by Umno against the police to recover RM116.7 million, said to belong to the party, which was seized in several raids in June.
Umno claimed the cash portion of the raids belonged to the party and was unrelated to 1MDB and its former subsidiary, SRC International, both of which are under police probe.
Rashid said police needed more time to go through the seized items, which include over 12,000 pieces of jewellery.
He said the serial number of each piece had been noted, and experts called in to appraise them “one by one”.
“The raids were under the Anti‑Money Laundering, Anti‑Terrorism Financing and Proceeds of Unlawful Activities Act 2001. So we have one year to complete our investigation under this law.
“There are many aspects of the case which need to be investigated, so give us time to go through things first,” he said on the sidelines of an event at Universiti Sains Malaysia today.
In June, police revealed that they had seized items worth between RM910 million and RM1.1 billion from properties linked to Najib.
This included jewellery, luxury bags, sunglasses and watches, and RM116.7 million in cash.
Umno’s suit against the police to reclaim the money was filed last Friday. It names the government, three top cops and an unknown individual as defendants.
The case will be heard at the High Court on Oct 15.