Rosmah’s US$346 million 1MDB haul came mostly from Hong Kong, US, UAE, Malaysia court hears

In the statement of claim, the plaintiffs alleged that eight entities that were registered offshore made 320 purchases of luxury goods with funds amounting to US$346,010,489 between 2010 and 2014.

The luxury items were received by Rosmah, they claimed.

“These payments are traceable to and represent the monies misappropriated from 1MDB, its four subsidiaries and SRC International,” the plaintiffs claimed.

The four 1MDB subsidiaries are 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd and Global Diversified Investment Company Ltd, formerly known as 1MDB Global Investments Ltd.

The companies claimed that money to fund the purchases came from 1MDB and SRC, which were fraudulently transferred out to entities registered in offshore jurisdictions and had no connection with or served no legitimate purpose with regard to investment objectives by the companies.

“These entities, as well as the transactions between them involving the fund, served no legitimate commercial purpose other than to act as a conduit for the onward movement and diversion of the funds to obscure final destinations,” said the court papers.

The plaintiffs claimed that Rosmah had used the funds from the companies to purchase luxury items such as jewellery, watches and handbags.

Apart from 1MDB, SRC, and the four companies, the other plaintiffs are Affinity Equity International Partners Ltd, Alsen Chance Holdings Ltd, Blackrock Commodities (Global) Ltd, Blackstone Asia Real Estate Partners Ltd and Brightstone Jewellery Ltd.

The plaintiffs named Rosmah as the first defendant and Shabnam Naraindas Daswani – also known as Natasha Mirpuri – as the second defendant.

They claim that Shabnam, who is a fashion designer based in Singapore, bought or procured