Model Miranda Kerr has turned over more than $8 million worth of jewelry to the U.S. Justice Department, jewels that may have been purchased with misappropriated funds, The Wall Street Journal reported today.
The pieces, which include an 8.88-carat diamond pendant worth $3.8 million and a diamond jewelry set worth $2 million, were given to her by Malaysian financier Jho Low, according to the newspaper.
“From the start of the inquiry, Miranda Kerr cooperated fully and pledged to turn over the gifts of jewelry to the government,” her spokesman told the Wall Street Journal. “Ms. Kerr will continue to assist with the inquiry in any way she can.”
A representative for Kerr confirmed the report to ABC News.
Low has been accused in lawsuits of misappropriating funds from the 1Malaysia Development Berhad, a state fund meant to aid the development of Malaysia. Bloomberg reported this past March that he has said that he did consulting work for 1MDB and did not break any laws.
Last July, former Attorney General Loretta Lynch announced that the Department of Justice had filed complaints seeking the forfeiture and recovery of more than $1 billion in assets that had been misappropriated from 1MDB. According to the Department of Justice, more than $3.5 billion had been unlawfully siphoned off by high-level officials and their associates, including Low. The document indicates that Low has been accused of laundering more than $400 million. Funds that were allegedly misappropriated by others went toward the founding of Red Granite Pictures, which financed “The Wolf of Wall Street.” Low has denied putting money into Red Granite Pictures, according to a 2015 profile in the New York Times.
However, the Wall Street Journal reported that Low gave “Wolf of Wall Street” star Leonardo DiCaprio paintings by Jean-Michel Basquiat and Pablo Picasso as gifts. DiCaprio’s spokesperson released a statement earlier this month indicating that the actor has returned the items and “continues…