The judge ruled they were purchased in the looting of billions of dollars from the Malaysian fund. The ring is valued at about US$1.17 million ($1.57 million) and the earrings are worth about US$628,000, the US says.
Low Taek Jho, the alleged mastermind of the looting of Malaysia’s 1MDB fund, was ordered to forfeit a trio of “flawless” diamonds he bought for his mother that were from the jeweller who has designed for celebrities like Beyonce and Adele.
A federal judge in Los Angeles on Monday ordered the fugitive Malaysian financier, known as Jho Low, to surrender claims to a 7.35 carat diamond ring as well as matching diamond earrings both greater than 3 carats.
