Red Granite Pictures pays US$60 million to settle graft suit linked to 1MDB

Updated 5 years ago · Published on 25 Sep 2018 8:59AM · 1 Comments

Red Granite Pictures CEO Riza Aziz (left) gets on the red carpet with Wolf of Wall Street star Leonardo Dicaprio (second from left) and other cast members in London, Britain, in January 2014. The film was allegedly financed with money stolen from 1MDB. – EPA pic, September 25, 2018.

RED Granite Pictures has paid off the balance of a US$60 million (RM240 million) settlement with the US government, bringing an end to charges the production company profited from money embezzled from 1Malaysia Development Bhd, Variety reports. 

The report, quoting a source, said the funds would ultimately be returned to the Malaysian government, once certain processing fees were paid.

“This case was resolved to the satisfaction of both sides with the payment of $60 million, which fell squarely in the estimated valuation of Red Granite Pictures, as determined by an outside expert,” said Thom Mrozek, a spokesman for the US Attorney’s Office in Los Angeles.

The company that produced The Wolf of Wall Street is owned by Riza Aziz, stepson of former prime minister Najib Razak. It was accused of receiving more than US$100 million of funds stolen from 1MDB, charges that are part of efforts across the globe to recover billions of dollars stolen from the Malaysian state fund. –  September 25, 2018 
 

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Comments

  • while at the local shores daddy got sympathy from dumno donkeys by contributing bail money, the step son on the other hand making deals with DoJ with USD60M which is equal to RM258M which simply means Jibe's bail money can be paid outright on the same day itself. where does mama's favourite boy could come up with that kind of money and how much more is being stasth under his dirty skin. dumno donkeys if you could sense something is wrong here then you donkeys are doom.

    Posted 5 years ago by Teruna Kelana · Reply