Publish date | 08 July 2019 |
Issue Number | 668 |
Diary | Legalbrief Forensic |
The Wolf of Wall Street producer Riza Aziz, who is the stepson of former Malaysian Prime Minister Najib Razak, has been charged with embezzling millions of dollars from the Malaysian Government. A report in The Guardian notes that Riza, who ran a Hollywood production company, Red Granite Pictures, appeared in a Kuala Lumpur court last week charged with five counts of money laundering, accused of receiving $248m into Swiss bank accounts from the Malaysian state fund 1MDB, which was controlled by Najib. Each charge carries a five-year jail sentence. Riza is now the third member of the former first family of Malaysia to face multiple charges linked to misappropriated 1MDB funds. Najib, who was toppled from power in May 2018, is facing 42 corruption charges and his first trial of at least three is ongoing. Najib’s wife and Riza’s mother, Rosmah Mansour, has also been charged with 17 counts of money laundering. Riza has been accused of receiving the 1MDB money into a bank account in Switzerland and then transferring the funds in smaller amounts, between $1.2m and $133m, into a Red Granite bank account in the US. He has pleaded not guilty to all charges and was granted bail of $240 000. It was a US Justice Department investigation that first accused Red Granite productions of using stolen 1MDB money to fund Hollywood productions, from Wolf of Wall Street to Dumb and Dumber 2 and Daddy’s Home.