Malaysian companies sue former PM's wife over alleged misappropriation of $346 m for luxury goods

Companies, including 1Malaysia Development Bhd. (1MDB) and SRC International Sdn Bhd, have filed a lawsuit against Rosmah Mansor, the wife of former Malaysian Prime Minister Najib Razak, accusing her of acquiring luxury goods worth over US$346 million through misappropriated funds.

According to a court filing dated May 9, the plaintiffs are seeking the return of the luxury goods in Rosmah’s possession and a payment of US$346 million, or a sum determined by the court.

The funds were allegedly channeled from six of the 11 plaintiffs through various offshore entities before being used to purchase luxury goods from 48 vendors across 14 jurisdictions.

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The luxury items include thousands of pieces of jewelry, watches, and handbags. The court filing also names Shabnam Naraindas Daswani as a second defendant, alleging that she procured luxury goods on behalf of Rosmah.

Rosmah’s lawyers stated that they have not received a statement of claim, only a copy of the writ, according to The Edge newspaper. Najib Razak served as prime minister from 2009 to 2018, but his tenure ended amidst the 1MDB scandal, leading to the defeat of the Barisan Nasional coalition in the election.

Following his removal from power, authorities conducted raids linked to Najib and Rosmah, seizing assets worth about 1.1 billion ringgit (US$232 million).

Both Najib and Rosmah have denied any wrongdoing but face multiple criminal charges related to the 1MDB scandal.

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