Wolf of Wall Street Producer Arrested On Alleged Money Laundering Charges
The producer of the Leonardo DiCaprio film The Wolf of Wall Street has been arrested on money laundering charges in Malaysia.
Ironic? Lil’ bit.
Prosecutors have charged producer Riza Aziz with five counts of money laundering, alleging he received $248 million in illicit funds from the country’s state development fund, 1Malaysia Development Berhad (1MDB).
The 1MDB fund was reportedly set up by his stepfather, former prime minister Najib Razak, with the aim of driving the country’s economic development.
However, prosecutors claim that is not what Aziz used the fund for. Instead, they believe he used money from 1MDB to purchase luxury properties in L.A., New York and London, and to start a film production company, Red Granite Pictures.
Red Granite was a major backer of The Wolf Of Wall Street; up to $155 million of Malaysian government funds were used to finance the film.
Various celebrities have found themselves personally caught up in the 1MDB saga, including Miranda Kerr, who returned a $10.5 million diamond necklace gifted to her by financier Jho Low who is believed to be connected to the scandal.
Leonardo DiCaprio was also ordered to return items given to him by Jho Low.
Producer Riza Aziz is currently out on bail. If convicted he will face 25 years behind bars for the offence (five years in prison for each of his five counts of money laundering).
He has pleaded not guilty to the charges.
Images: Wolf of Wallstreet / Paramount Pictures, Giphy / Giphy.