Australian model Miranda Kerr handed over incredibly valuable pieces of jewelry to the US Justice Department on Monday. So far, Kerr has given up $8.1 million worth of needlessly expensive jewelry, including a 11.72 carat, heart-shaped diamond pendant worth $1.29 million.
Why is she giving up all this stuff to the state? Last week, lawsuits revealed that the jewelry was purchased for her by Malaysian financier Jho Low, who alleged misappropriated funds from his company 1Malaysia Development Berhad. This organization claims to promote economic development projects in Malaysia, but Low embezzled over a billion dollars. He used that money to buy Leonardo DiCaprio over $13 million worth of artwork, fund the film Wolf of Wallstreet, and woe his then-girlfriend Miranda Kerr.
Low allegedly gifted Kerr with $13 million worth of diamond jewelry. On Friday, Kerr transferred $8 million worth of ill-gotten gifts to government agents via her safe deposit box in Los Angeles.
“From the start of the inquiry, Miranda Kerr co-operated fully and pledged to turn over the gifts of jewellery to the government,” said Miranda’s spokeman. “Ms Kerr will continue to assist with the inquiry in any way she can.”
Kerr is not a defendant in the 1Malaysia Development Berhad lawsuit.
In 2014, Kerr and Cho dated. He dazzled her with diamonds after she ended her marriage with Orlando Bloom. She’s married again, but definitely not to Low. She’s currently linked up with internet entrepreneur Evan Spiegel.
The Justice Department is currently seeking more than $1.7 billion worth of assets from the suspect Jho Low. The department is looking for a $US250 million yacht, stakes in companies and luxury real estate in London, New York and Los Angeles. But then again, who isn’t?