Wolf of Wall Street producer accused of £200 MILLION money laundering scam

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Riza Aziz, who ran a Hollywood production company Red Granite Pictures, charged with five counts of money laundering in Malaysia, reported by New York Times.

He is yet famous by producing “The Wolf of Wall Street” and “Daddy’s Home”  which were a blockbuster hit.

Charges filed in the Riza

Aziz, the stepson of former Malaysian prime minister Najib Razak has been arrested on Thursday in the Malaysian capital of Kuala Lumpur.

He was accused of receiving $248 million into Swiss bank accounts from the Malaysian state fund 1MDB, being controlled by his step-father Najib.

Later, pleaded not guilty by the court which could lend him to prison for 25 years if convicted.

Along with Aziz, his stepfather has been accused of abusing power, breach of trust and money laundering.

While his mother is also been detained for tax evasion and money laundering. Both have denied the charges.

In 2009, after joining the office, Najib set up the 1MDB fund to finance development in Malaysia.

But it accumulated billions in debts and U.S. investigators allege at least $4.5 billion was stolen from the fund and laundered by Najib’s associates.

Prosecutor Gopal Sri Ram told reporters in a statement that the money received by Riza came from 1MDB.

Money from the firm was exchanged between two companies which were previously engaged in the scandal.

Earlier in 2017, the company agreed to pay a $60 million to the U.S. government to settle a civil lawsuit involving the funds for all three studio films.

Near about $57 million of that amount was returned to Malaysia, as reported by the Financial Times.

Aziz’s family involved in 1MDB cases

A late-year during elections, Mr Najib was ejected from the power that accompanies in the first change of government in Malaysia for six decades.

The reason was stated as his presence in the 1MDB scandal.

One more of family, Riza’s mother Rosmah has been arrested and charges over 1MDB for having a vast collection of handbags and fondness of overseas shopping trips

Riza denies the charges. His wife and Riza’s mother, Rosmah Mansor, also has pleaded not guilty for the charges filed against him of money laundering and tax evasion. But until now, her trial date hasn’t fixed.

Riza’s family has come to limelight as they were linked to multiple charges linked to misappropriated 1MDB funds.

Riza’s stepfather,  Najib is facing 42 corruption charges and his first trial of at least 3 is ongoing. Najib’s wife and Riza’s mother, Rosmah Mansour, has also been charged with 17 counts of money laundering.

Red Granite made an actual presence in Hollywood after raising $100m fund for helping director Martin Scorsese make  “The Wolf of Wall Street.”

Later when the shooting started, the company also presented Leonardo DiCaprio as the lead actor of the film and Oscar has been given to Marlon Brando for On the Waterfront.

About $600,000 worth gift present was given on his birthday. Since then, Leonardo has surrendered the statue as part of the investigation of 1MDB.

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