Branded watches seized worth RM80 million estimated – Channel W

Branded watches seized worth RM80 million estimated

The branded watches seized from a luxury apartment in Pavilion Residences last month are estimated to be worth RM80 million, according sources.

The daily reported that the most expensive of the 433 watches found in 37 bags was a Rolex which experts valued at RM3.5 million, followed by a Cecil Purnell priced at RM1.2 million.

Among the other brands seized, were Patek Philippe and Richard Mille designer watches.

It also said that the 37 bags which had contained the watches, gold bars and designer jewellery were currently at the final stage of evaluation since there are a few rare collections which need more expertise to check.

The evaluation began a few days after police and Bank Negara Malaysia (BNM) officers finished counting all the cash seized from the apartment, said to belong to a Tan Sri linked to former prime minister Datuk Seri Najib Razak.

The cash, in various currencies, totaled RM114 million.

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