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Thursday, 4 July 2019

1MDB: Wolf of Wall Street producer charged with embezzling millions

Riza Aziz, stepson of former Malaysian PM Najib Razak, accused of receiving $248m into Swiss bank accounts

The Wolf of Wall Street producer Riza Aziz, who is the stepson of former Malaysian prime minister Najib Razak, has been charged with embezzling millions of dollars from the Malaysian government.

Riza, who ran a Hollywood production company Red Granite Pictures, appeared in a Kuala Lumpur court on Friday morning charged with five counts of money laundering, accused of receiving $248 million into Swiss bank accounts from the Malaysian state fund 1MDB, which was controlled by Najib. Each charge carries a five-year jail sentence.

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from The Guardian https://ift.tt/329BKRu

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