It takes more than money to be a client of the exclusive Lebanon-based jeweller that's suing Rosmah

It takes more than money to be a client of the exclusive Lebanon-based jeweller that's suing Rosmah
PHOTO: AFP

PETALING JAYA - Global Royalty Trading SAL, which has labelled Datin Seri Rosmah Mansor as a "long-standing customer", is a jewellery firm so exclusive that not just anyone would be able to easily engage them - even if they have the money.

The Lebanon-based firm is an international jewellery supplier with exclusive clientele that includes royal families, celebrities and politicians.

A check shows that among its clients are award-winning actress Angelina Jolie, supermodel and actress Naomi Campbell, American media mogul Oprah Winfrey, Saudi Arabia royalty and other extremely rich Middle Easterners.

A source said the firm dealt at levels where clients need not go to them but they would instead meet the customers.

"That is the process of how the really wealthy buy their bling. Jewellery are sent to them; they choose what they want and pay for just that.

"The people they deal with are well-known and some are in the same circle of VIPs, most of whom are already regular customers and have a good track record of paying," said the source.

The source added that it would be no problem for jewellers of that magnitude to deliver consignments to clients for the customers to "take their own sweet time" to choose.

The source said it was usually a matter of waiting for a "couple of months" for "millions of dollars" in sales.

It is not known if, besides Rosmah, Global Royalty has any other Malaysian customers.

Malaysian police search places linked to ousted PM Najib

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    The cash and items seized from the six residences linked to Datuk Seri Najib Tun Razak amounted to between RM900 million (S$304 million) and RM1.1 billion, say the police.

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    He said that more than 12,000 pieces of jewellery - comprising 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings,1,600 brooches and 14 tiaras were seized.

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    He added that this was the biggest seizure in Malaysian history.

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    Najib's wife Rosmah Mansor arrived at the headquarters of the Malaysian Anti-Corruption Commission (MACC) to have her statement recorded in connection with a suspicious transfer of about $10.6 million (S$14.2 million) from the former 1MDB unit SRC International.

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    The sum is just a fraction of the billions of dollars allegedly siphoned from 1MDB, the state fund that Najib set up, in a scandal that dogged the last three years of his near-decade-long rule and was a key reason why he was voted out in a May 9 election.

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    M. Puravalen, a lawyer acting for Najib and Rosmah in connection with the SRC investigations, told Reuters on Tuesday he had "ceased acting" for Najib and Rosmah.

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    He said a second lawyer, Yusof Zainal Abideen, had also quit.

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    Puravalen, Abideen and other members of their legal team were reported to have walked out because they failed to reach common ground with Najib on several issues.

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    Najib has already made a series of statements to anti-graft investigators

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    but attention has shifted to his wife after police discovered hundreds of luxury handbags and a stash of jewelry and cash during raids on apartments linked to Najib and his family.

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    Malaysian police have seized 284 boxes filled with designer handbags, watches, jewellery and cash in various currencies from three luxury condominiums.

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    Comm Amar said the designer handbags were of various brands including Louis Vuitton and Birkin bags from Hermes.

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    He added that it was impossible for police to estimate the value of the items seized because there were just too many items and cash seized.

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    He also said that the apartment was not owned by Najib but a "Tan Sri".

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    Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Amar Singh, who led the raids at Pavilion Residences here said this was part of its investigations into 1MDB.

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    This follows a police check of six locations linked to former prime minister Datuk Seri Najib Tun Razak here and in Putrajaya, including the Prime Minister's Office, his official residence as well as four other residences.

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    When asked whether Najib would be arrested, he said: "There is no indication that they (the police) will do it."

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    He said Najib and his family were cooperative with police. "They (the police) also acted professionally," he said.

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Global Royalty, in a RM60 million (S$2.23 million) lawsuit against Rosmah, alleged that it would deliver jewellery to the former prime minister's wife on a consignment basis at her request for her to evaluate, which she would thereafter purchase.

It also said that in some instances, Rosmah would borrow some jewellery, which would then be returned to Global Royalty.

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