Almost USD 30 million seized in raids linked to Malaysian ex-PM

Malaysian police said today they found cash amounting to almost USD 30 million in a raid on a luxury apartment as they probed corruption allegations swirling around ousted leader Najib Razak.

The money was seized along with 284 boxes containing designer handbags, as well as watches and jewellery from a condominium in Kuala Lumpur, which was raided along with Najib's home and other sites last week.

Najib's coalition was thrown out of power for the first time in over six decades in the May 9 poll, defeated by a reformist alliance headed by his former mentor Mahathir Mohamad.

Public disgust at allegations of corruption swirling around Najib was a major factor for the loss, with the ex-leader, his family and cronies accused of looting billions of dollars from sovereign wealth fund 1MDB.

There has been much speculation about what the seized goods consisted of and their value after five trucks were reportedly brought in to help move the vast stash.

Giving an update, the police's head of commercial crime Amar Singh said: "From the money found, there were 26 currencies, the total amount as of yesterday is 114 million (ringgit) (USD 28.6 million)."