Lebanon Jeweller sues Rosmah for jewellery worth RM60 million

(10-07-2018)

A Lebanese wholesale jeweller has filed a RM60 million suit against Rosmah Mansor for the return of 44 pieces of jewellery seized during police raids of properties linked to her husband Najib Razak in May. According to Malaysiakini, Global Royalty Trading SAL, a company based in Beirut, filed the US$14.79 million (RM59.831 million) suit against Rosmah at the Kuala Lumpur High Court on June 26. In documents sighted by Malaysiakini, Global Royalty Trading SAL filed the suit against the wife of former prime minister Najib Abdul Razak at the High Court in Kuala Lumpur on June 26 through the firm of Messrs David Gurupatham and Koay.

In the statement of claim, the Beirut-based firm alleged that Rosmah was a long-standing customer, and that the company also sold pieces of jewellery around the world, including to royal families. Global Royalty claimed that as in previous years, the company would send a consignment of jewellery to Rosmah according to her demand for her to evaluate and purchase, and to be paid by her or by a third party. The company said pieces of jewellery that were not chosen would be returned. Global Royalty said Rosmah would sometimes borrow the jewellery as well, which would be received by either her or her agent in Kuala Lumpur, Singapore or Dubai. In the consignment dated Feb 10 this year, the report said 44 pieces of jewellery were sent to Rosmah, including diamond necklaces, rings, bracelets, earrings and a tiara worth between US$124,000 and US$925,000 each. Global Royalty cited a letter dated May 22 in which Rosmah allegedly acknowledged receipt of the jewellery. However, it said in its statement of claim that the items were no longer with Rosmah as they had been seized by the authorities.

The report said Global Royalty is seeking a court declaration that it is the rightful owner of the jewellery, and that the items must be returned failing which Rosmah must pay the amount determined based on the value of the pieces. Last month, the police said over RM1 billion worth of items was seized in raids at several premises linked to Najib after Pakatan Harapan took over Putrajaya in the May 9 polls. These included 72 bags of cash and valuables, and hundreds of boxes containing luxury handbags. Thirty-five of the bags contained RM116.7 million in cash while another 25 bags contained 12,000 items of jewellery, including rings and diamond earrings estimated to cost RM440 million in materials alone. Police said these included 1,400 chains, 2,200 rings, 2,800 pairs of earrings and 14 tiaras. The most valuable piece of jewellery was a white diamond necklace estimated to cost RM6.4 million. Last week, Najib was charged with three counts of criminal breach of trust and one count of abuse of power in relation to RM42 million channelled into his personal bank account from former 1MDB subsidiary SRC International. He pleaded not guilty to all four charges.

Macau police have confirmed that they have received a request from the Malaysian authorities to arrest Malaysian businessperson Low Taek Jho but has yet to decide on the next course of action. This was communicated through an email correspondence to Malaysiakini. “On your enquiries about Low Taek Jho, the Macau branch of Interpol China’s National Central Bureau has received a request from the relevant country (to arrest him). “The branch is still verifying the content of the request and will provide the relevant country with a reply as soon as possible,” said the Macau police’s press office. This was in response to requests for verification on inspector-general of police Mohamad Fuzi Harun’s statement earlier today that the Malaysian police have put up a formal request to its Macau counterpart to arrest Low, who is better known as Jho Low. Low, who is being sought by the Malaysian police to facilitate investigations into 1MDB, is said to have fled to Macau from Hong Kong after a local police team arrived in Hong Kong.

“The latest we know he was in Macau. In fact, the other day, we sent our team to Hong Kong, but immediately when we arrived, he left to Macau,” Fuzi had said last week. The China special administrative region of Macau does not have any extradition treaties with other countries. Low is a key figure in the 1MDB affair. The US Department of Justice (DOJ) claimed in its civil forfeiture suits that the businessperson was involved in multiple instances where 1MDB funds were allegedly misappropriated. He is accused of having used 1MDB funds to purchase superyacht The Equanimity; jewellery for model Miranda Kerr; and also a US$27.3 million pink diamond necklace for the wife of Malaysian Official 1 (MO1). The DOJ claimed the pink diamond was purchased using the US$620 million that MO1 claimed to have returned to a royal Arab donor, but was instead channelled to accounts allegedly controlled by Low. MO1 has been identified as Najib Abdul Razak, the former prime minister.

Leave a Reply

Your email address will not be published. Required fields are marked *