Wolf of Wall Road producer in deal on cash laundering case

Kuala Lumpur Malaysian prosecutors have dropped a cash laundering case in opposition to a producer of Hollywood movie The Wolf of Wall Road and the stepson of former Malaysian prime minister Najib Razak, citing a deal for an undisclosed quantity to be paid to the federal government.

Riza Aziz, right, stepson of Malaysian former Prime Minister Najib Razak.

Riza Aziz, proper, stepson of Malaysian former Prime Minister Najib Razak.Credit score:AP

Riza Aziz, the co-founder of Pink Granite Productions that was behind the 2013 Oscar-nominated movie, was charged with 5 counts of cash laundering in 2019 over allegations he had obtained $US248 million misappropriated from state fund 1Malaysia Improvement Berhad (1MDB).

US and Malaysian authorities say about $US4.5 billion was looted from 1MDB, co- based in 2009 by then-premier Najib.

A periods court docket choose on Thursday dominated the fees in opposition to Riza could be withdrawn with out acquittal after prosecutors stated they’d reached a deal wherein the federal government would obtain “a considerable sum working into a number of million ringgit”.