Wolf Of Wall Street Producer Settles Claims Over Dirty Malaysian Cash

Editorial Staff

8 March 2018

The producer of the "Wolf of Wall Street" has agreed to pay $60 million to settle claims that it financed the movie with money siphoned from scandal-hit Malaysian state investment fund – were told their bank licences in Singapore were being taken away.

Media reports quoted Red Granite as saying: “We are glad to finally put this matter behind us and look forward to refocusing all of our attention back on our film business.”

Riza Aziz, Najib’s stepson, is a friend of Low Taek Jho, also known as Jho Low, the Malaysian financier whom the U. alleges orchestrated the scheme to loot $4.5 billion from the Malaysian fund going back to 2009. Of the allegedly stolen money, $1.7 billion has been traced to assets in the US and UK (source: Bloomberg).

Malaysia's Prime Minister Najib Razak, who launched 1MDB, has been accused of using the organisation for personal gain, but has repeatedly denied wrongdoing.