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The Guardian

Australian model Miranda Kerr has handed over US$8.1 million worth of jewellery to the US justice department after prosecutors said the items were bought for her by a Malaysian financier with stolen government money.
Kerr retrieved the gifts – including a US$3.8 million 8.88 carat diamond pendant from New York-based designer Lorraine Schwartz – from a safe-deposit box in Los Angeles, her spokesman said.
“From the start of the inquiry, Miranda Kerr cooperated fully and pledged to turn over the gifts of jewellery to the government,” the spokesman told Dow Jones news wires.
“Ms Kerr will continue to assist with the inquiry in any way she can.”
More than US$4.5 billion has been stolen from a Malaysian state fund, 1MDB, which was set up by the prime minister, Najib Razak, who denies any wrongdoing.

Prosecutors allege nearly US$30 million misappropriated from the fund was also used to buy jewellery for the wife of “Malaysian Official 1”, which refers to Najib.
The department is seeking to seize more assets, including a luxury yacht, owned by financier Jho Low and his gift of some of the jewellery to Kerr in 2014.
The model, who owns her own jewellery line with prices starting at US$69, follows the example of actor Leonardo DiCaprio, whose spokesman said had turned over US$3.2 million in artwork, including a Picasso painting, gifted to him by Jho Low.
The rights to two Hollywood films, The Wolf of Wall Street and Dumb and Dumber To, have also been seized.
The films were produced by Red Granite, a firm founded by Najib’s stepson, Riza Aziz.
US authorities have not charged Jho Low, Najib or Aziz in the civil complaint, while Kerr and DiCaprio have not been accused of any crime.
1MDB said on Friday that it had never been contacted in relation to the case.


Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

Najib’s wife cleared as Malaysia drops money laundering, tax evasion appeal

Malaysia court orders Jho Low’s sister and associate to pay US$2.8 billion to 1MDB

Singapore court approves US$2.7 billion 1MDB suit against Standard Chartered

Malaysia 1MDB scandal

Model Miranda Kerr hands over US$8.1 million in jewellery linked to Malaysia 1MDB corruption case

Model Miranda Kerr. File photo: AP

Interview with Jho Low, CEO of Jynwel Capitial Limited, at his office in Central. 11MAR15

Jho Low and the Wolf of Wall Street: how Malaysian businessman 'hooked up DiCaprio'

Malaysian businessman Low Taek Jho says he played a part in helping Leonardo DiCaprio to secure the starring role in the movie “Wolf of Wall Street”. Photo: Sam Tsang

Malaysian businessman Low Taek Jho says he played a part in helping Leonardo DiCaprio to secure the starring role in the movie “Wolf of Wall Street”. 

Low Taek Jho Low grew up to become man-about-town in New York and London, parlaying big deals and partying with the rich, powerful and beautiful. Photo: Sarawak Report