Miranda Kerr, involved in an worldwide corruption case
Jun 28 2017
But thanks to the fact that Kerr is a supermodel with 11 million followers whose gigs have included replacing Gisele Bündchen at Victoria's Secret, and her ex is the Malaysian financier and billionaire Jho Low, the process hasn't been the most normal-or even voluntary.
He was referring to news reports today that Kerr had handed over US$8.1 million (RM35 million) worth of jewellery allegedly purchased with 1MDB funds to the United States Department of Justice (DoJ).
It was given to Ms Kerr by Malaysian financier Low Taek Jho, also known as Jho Low, whom she dated for about a year in 2014, the Journal said, citing a source.
"From the start of the inquiry, Miranda Kerr cooperated fully and pledged to turn over the gifts of jewellery to the government", a spokesman for Kerr stated (via The Guardian).
The jewels were identified in civil-forfeiture lawsuits filed by the US Justice Department pursuing assets allegedly bought with money misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).
It is alleged that Low had spent millions on jewelry for Kerr, even requesting Schwartz to engrave necklaces, bracelets, and rings with the model's initials.
The Malaysian, whose real name is Low Taek Jho, is now being investigated for his involvement with a major corruption scandal. Prosecutors allege £3.5 billion was misappropriated from the fund which was set up by the prime minister, Najib Razak, who denies any wrongdoing.
Kerr follows Leonardo DiCaprio's lead - the actor and perpetual man-child recently turned over $3.2 million worth of artwork gifted to him by Jho Low.
Among the surrendered items is an 11.72 carat, heart-shaped diamond pendant by NY designer Lorraine Schwartz, that Kerr received from him on Valentine's Day. Both were produced by Red Granite, founded by Najib's stepson, Riza Aziz.
Neither Kerr nor DiCaprio are accused of any crime.