Thursday, 29 June 2017

Supermodel Miranda Kerr returns $8.1 million worth of jewels

Supermodel Miranda Kerr has returned $8.1 million worth of jewels gifted to her by an ex-boyfriend—who may have given them to her as part of a money-laundering operation.

The case surrounds Malaysian businessman Jho Low. Low bought her a 11.72-carat diamond pendant, designed by Lorraine Schwartz, for Valentine’s Day. That gift cost $1.29 million. He also allegedly bought her an 8.88-carat diamond pendant that was worth $3.8 million, and then bought her matching earrings, a bracelet, and a ring. The U.S. Justice Department is still looking for more than $1 billion in assets they claim were bought with money stolen from the Malaysian government.