July 4, 2019 / 11:23 AM / 3 months ago

Film producer stepson of Malaysian ex-PM to face money-laundering charges

KUALA LUMPUR (Reuters) - Malaysian anti-corruption officials arrested on Thursday the Hollywood producer stepson of a former prime minister whose film company has been linked to a multi-billion dollar corruption scandal involving a state fund.

FILE PHOTO: Riza Aziz (R) stands with Joey MCFarland, another producer of the film "The Wolf of Wall Street", as they arrive at the 25th Annual Producers Guild of America Awards in Beverly Hills, California January 19, 2014. REUTERS/Fred Prouser/File Photo

Riza Aziz was a co-founder of Hollywood production firm Red Granite Pictures, which was behind the Oscar-nominated film “The Wolf of Wall Street”. The company has been linked to losses from the 1Malaysia Development Berhad (1MDB) state fund.

Riza was arrested on money-laundering charges, said officials of the Malaysian Anti-Corruption Commission (MACC).

“He has to appear before the court tomorrow to face charges,” Latheefa Koya, chief commissioner of the MACC, told Reuters in a text message.

Anti-graft officials did not say where they arrested Riza, who was released on bail, or whether the charges were linked to 1MDB.

Riza, who has denied any wrongdoing, was not available for comment.

He is the stepson of embattled former prime minister Najib Razak, who founded 1MDB in 2009, and now faces 42 criminal charges related to huge losses at the fund and other state entities. He has pleaded not guilty.

The MACC had summoned Riza for questioning last year in connection with the investigation into 1MDB.

Last month, Latheefa said Malaysia was looking to recover about $5 billion worth of foreign assets linked to 1MDB.

1MDB is being investigated in at least six countries for alleged money laundering and graft.

U.S. prosecutors have said Red Granite had financed three films using funds they suspect were stolen from 1MDB.

Red Granite paid the U.S. government $60 million in September 2017 to settle a civil forfeiture claim over the rights to “The Wolf of Wall Street”.

Reporting by Rozanna Latiff; Writing by Joseph Sipalan; Editing by Robert Birsel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below