Malaysia’s government will sell much of the huge stash of jewellery and luxury goods, including diamond necklaces, tiaras and designer handbags that were seized in a money-laundering probe of former leader Najib Razak, AP News reported over the weekend. Malaysia’s police seized about 1.1 billion ringgit ($273 million) of items that included Hermes International handbags, Rolex watches and cash in raids linked to former Prime Minister Najib Razak amid investigations into troubled state fund 1 Malaysia Development Berhad, Bloomberg reports. 1MDB president and chief executive officer Arul Kanda Kandasamy has been sacked, according to sources quoted by The Straits Times. His termination happened two days before his actual contract was to end on Saturday.