Chitchat Does An Old, Fat, Ugly Mud Bitch Deserve To Wear The Pink Panther Diamond?

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An honorable member of the Coffee Shop Has Just Posted the Following:



By A. Ananthalakshmi

KUALA LUMPUR (Reuters) - Nearly $30 million of funds stolen from scandal-hit 1Malaysia Development Berhad (1MDB) was used to buy jewelry for the prime minister's wife, including a rare 22-carat pink diamond set in a necklace, according to the latest filings by the U.S. Justice Department in a civil lawsuit.

The filings lodged at the U.S. District Court in Los Angeles on Thursday did not identify Prime Minister Najib Razak or his wife Rosmah Mansor by name, but said the jewelry purchases were for the wife of "Malaysian Official 1."

Malaysian and U.S. government sources have previously confirmed that "Malaysian Official 1" refers to Najib.

The diamond necklace set alone cost $27.3 million, according to the latest filings in a lawsuit that was launched last July.

The accusations will provide further ammunition for Najib's political rivals, who often criticize his wife for lavish spending, and come at an awkward time for the Malaysian leader, as he had been expected to call a snap election later this year.

Rosmah's aide did not immediately respond to requests for comment. The prime minister's office, in a statement early on Friday, said it was "concerned by the unnecessary and gratuitous naming of certain matters and individuals that are only relevant to domestic political manipulation and interference."

Najib has consistently denied any wrongdoing.

A total of $4.5 billion have been misappropriated from 1MDB, the U.S. Justice Department said on Thursday. The fund was set up by Najib in 2009 to promote economic development.

The department is seeking to seize a total of about $1.7 billion in assets that were bought with misappropriated funds, including a Picasso painting that was given to actor Leonardo DiCaprio and the rights to two Hollywood films.

"This money financed the lavish lifestyles of the alleged co-conspirators at the expense and detriment of the Malaysian people," acting U.S. Assistant Attorney General Kenneth Blanco said in a statement.

The jewelry purchases were arranged by Malaysian financier Low Taek Jho, or Jho Low, who was also accused of gifting DiCaprio the $3.2 million Picasso.

A spokesman for DiCaprio on Thursday said that the actor had begun proceedings to transfer ownership of the Picasso to the U.S. government, having in July 2016 "initiated the return" of gifts he had received from financiers connected to the 1MDB case.

Low, whose whereabouts are unknown, could not be reached for comment.

In an emailed statement through a representative, Low said the Justice Department's actions were "a further example of global overreach in pursuit of a deeply flawed case."

"The U.S. Department of Justice's latest move continues its inappropriate efforts to seize assets despite not having proven that any improprieties have occurred," the statement read.

Rasky Partners, a public relations firm that emailed his statement, could not be immediately reached by phone.



NAJIB'S BANK ACCOUNT

The lawsuits show the jewelry for Rosmah was bought with funds that passed through Najib's account. The jewelry, like the Picasso painting, was purchased with funds traceable to diverted proceeds from a 2013 bond offering by 1MDB, according to the filings.

The diamond necklace was bought in 2013, just months after $680 million was transferred to the private bank account of Najib in Kuala Lumpur, the filings show. The Malaysian government says that money came from a member of the Saudi royal family.

The necklace was purchased from New York jeweler Lorraine Schwartz, who has designed for Beyonce Knowles, Jennifer Lopez and other stars of the entertainment world.

"Need a 18 carrot (carat) pink heart diamond vivid or slightly short of vivid. On diamond necklace urgent," Low said in a text message to Schwartz in June 2013, the filings said.

A month later Schwartz showed the necklace in Monaco to a group of people, including Rosmah, onboard Topaz, one of the largest private yachts in the world.

Low had chartered the 147-meter yacht for seven days in early July 2013, according to the filings.

Rosmah and Low again met with Schwartz at a U.S. hotel in September that year, when Najib was in New York to attend the United Nations General Assembly.

The necklace was eventually delivered to an unnamed friend of Rosmah's in 2014 in Hong Kong, who then handed it over to Rosmah in Kuala Lumpur, the filings said.

https://sg.finance.yahoo.com/news/ma...091044475.html


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