Jeev's effort tied the match at 8-8 and, in the first sudden death play-off, the Korean duo of K T Kim and Y E Yang defeated Ryder Cup hero Nicolas Colsaerts and Francesco Molinari to grab the Royal Trophy for Asia after the end of three exciting days at The Empire Hotel & Country Club.
Kim showed no nerves as he drained his 15 footer, and then Colsaerts' putt, which was half that distance, agonisingly slid past the hole giving Asia an amazing win.
They had trailed 0.5-3.5 after the first day and then reduced the margin to one point on the second day. They won the singles 4.5 to 3.5 to tie match.
Jeev, who celebrated his 41st birthday on Saturday, had three birdies in a row from 15th to 17th. Jimenez was 1-up after 15 but Jeev won the 16th to equalise and then won the 17th to go ahead.
He held on the lead on 18th to get the point. "It really was a great win for Asian golf. The past three days were really exciting and it feels nice to win the Trophy for the team," said Jeev.
The win sparked off scenes of celebrations with 'Gangnam' style dance around the 18th green.
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Individually, Olazabal halved his match with Kiradech Aphinbarnrat as did KT Kim against Gonzalez Fernandez Castano and then Wu Ashun halved his match against Edorado Molinari.
The wins for Asia came from Jeev over Jimenez by 1-up, Yoshinori Fujimoto beat Marcel Siem 1-up and Y E Yang 2-up over Francesco Molinari. For Europe, Colaserts beat Bae Sung-moon 1-up and Henrik Stenson beat Ryo Ishikawa 1-up. (More)