Anti-Money Laundering Prosecution

Wolf of Wall Street Film Financing

1MDB Related Money Laundering Charges Withdrawn

Malaysian film producer and co-founder of Red Granite Pictures was charged in July 2019 with multiple counts of money laundering in connection with allegations that funds linked to 1Malaysia Development Berhad (1MDB) had been used to finance film production and related expenditures. The films produced by the company included The Wolf of Wall Street, Dumb and Dumber To, Daddy's Home and Friends with Kids.

The accused was Riza Aziz, who faced charges alleging that the funds constituted proceeds of unlawful activity. The matter proceeded in the Sessions Court.

In May 2020, the prosecution applied to withdraw the charges. The court allowed the application, and the charges were withdrawn. The withdrawal followed a resolution framework that included the recovery and return of assets, including funds and properties of approximately USD150 million, to the Malaysian government.

Related Media Coverage

FMT
In surprise move, 1MDB drops suit against Riza Aziz, 2 others
The Edge Malaysia
1MDB withdraws US$248m civil suit against Riza Aziz and Red Granite Pictures
New Straits Times
1MDB drops US$248mil lawsuit against Riza Aziz and his companies
Malay Mail
1MDB drops US$248m suit against Riza Aziz, Red Granite
BBC
1MDB: Malaysia drops charges against Wolf of Wall Street producer

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