KUALA LUMPUR (Reuters) – Malaysian prosecutors on Thursday dropped a $248-million money laundering case against a producer of Hollywood film “The Wolf of Wall Street” and the stepson of former Malaysian prime minister Najib Razak, citing a deal for an undisclosed amount of funds to be paid to the government.
FILE PHOTO: Riza Aziz, stepson of former Malaysia’s Prime Minister Najib Razak, arrives at a court in Kuala Lumpur, Malaysia July 5, 2019. REUTERS/Lai Seng Sin
Riza Aziz, the co-founder of Red Granite Productions that was behind the 2013 Oscar-nominated film, was charged with five counts of money laundering last year over allegations that he had received $248 million misappropriated from state fund 1Malaysia Development Berhad (1MDB).
U.S. and Malaysian authorities say about $4.5 billion was loo