1MDB: Picasso paintings, luxury watches among assets seized from former lawyer – Ayob Khan

KUALA LUMPUR – Two Pablo Picasso paintings, luxury watches and high-end condominiums in London, the United States and Switzerland, are among assets seized from former 1Malaysia Development Berhad (1MDB) lawyer, Jasmine Loo Ai Swan (picture).

Deputy Inspector General of Police Datuk Seri Ayob Khan Mydin Pitchay said that the assets, worth RM93.2 million, were believed to have been obtained as a result of misappropriation of 1MDB funds.

He said that the police had seized various items, worth RM625,500, from a condominium unit in Bukit Damansara here, which was used as a location to store assets obtained, believed as a result of the misappropriation of 1MDB funds by Loo.

“Among the items which were seized were a Richard Mille and a Harry Winston luxury watch, 13 handbags of various brands, a bracelet and documents,” he said in a special press conference in Bukit Aman, here today.

He said that the investigations found that Loo was offered a position in the company in 2011, and received a salary of RM40,000 a month. – BERNAMA