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Miranda Kerr hands over $8.1M in jewelry to Justice Department
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Published June 27, 2017
Australian model Miranda Kerr has handed over $8.1 million worth of jewelry to the U.S. Justice Department a week after lawsuits said it was purchased for her by Malaysian financier Jho Low with allegedly misappropriated funds, according to her spokesman.
Kerr transferred the gifts Friday to government agents from her safe-deposit box in Los Angeles, the spokesman said.
“From the start of the inquiry, Miranda Kerr cooperated fully and pledged to turn over the gifts of jewelry to the government,” he said. “Ms. Kerr will continue to assist with the inquiry in any way she can.”
Kerr isn’t a defendant in the lawsuits.
The Justice Department declined to comment.
The department filed civil-forfeiture lawsuits this year and last year seeking assets it alleges were bought with money misappropriated from a Malaysian sovereign-wealth fund called 1Malaysia Development Bhd, or 1MDB.
The jewelry is among more than $1.7 billion worth of assets the Justice Department seeks; the assets also include a $250 million yacht, stakes in companies and luxury real estate in London, New York and Los Angeles.
1MDB has denied any wrongdoing and said it has found no evidence any of its money was misappropriated.
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