The High Court in Kuala Lumpur was told today that 2,435 jewellery pieces, seven watches and 29 handbags valued at RM80 million, seized in a raid at premises belonging to Obyu Holdings Sdn Bhd at Pavilion Residences, were from misappropriated 1MDB funds.

Deputy public prosecutor Harris Ong Mohd Jeffry Ong said this was reinforced by the fact of the established direct dealings between Najib Abdul Razak, businessperson Low Taek Jo or Jho Low and his close associate Eric Tan Kim Loong, through...