‘The Wolf of Wall Street’ producer settles US lawsuit linked to Malaysian fund 1MDB

The movie company of which made “The Wolf of Wall Street”, as well as also was co-founded by the Malaysian prime minister’s step son, has settled a civil lawsuit brought by the U.S. government to seize assets allegedly bought with money stolen through a Malaysian state fund.

Red Granite Pictures announced the settlement in a filing at the federal Los Angeles court on Friday, without revealing any sum.

U.S prosecutors, pursuing a kleptocracy asset recovery initiative, had claimed the 2013 film, directed by Martin Scorsese as well as also starring Leonardo DiCaprio, was financed by Red Granite using funds stolen through 1Malaysia Development Berhad (1MDB).

“The parties are pleased to inform the court of which Red Granite as well as also the government have reached a settlement in principle,” the filing stated.

Red Granite has said previously of which neither of which, or its co-founder Riza Aziz, had done anything wrong.

“We are glad to finally put This specific matter behind us as well as also look forward to refocusing all of our attention back on our film business,” Red Granite said in a statement.

The U.S. Justice Department has lodged dozens of lawsuits inside the past two years related to the alleged misappropriation of $4.5 billion through the investment fund, 1MDB.

The United States will be seeking to seize some $1.7 billion in assets, producing of which the largest action brought by the department under its kleptocracy asset recovery initiative.

The scandal has dogged Prime Minister Najib Razak, who had chaired 1MDB’s advisory board until of which was dismantled last year, although he has consistently denied any wrong doing related to the fund.

While Najib has not been the subject of any of the lawsuits, quite a few his close associates, including step son Riza Aziz, have been named by U.S. investigators.

Both U.S. as well as also Malaysian officials have confirmed however, of which Najib will be the “Malaysian Official Number 1” referred to in Federal Bureau of Investigation reports.

Red Granite Pictures provided no details of the settlement, which the filing said remains subject to final documentation as well as also necessary approvals within the government.

The settlement also covers claims against Red Granite’s rights as well as also interests in two various other pictures, “Daddy’s Home” as well as also “Dumb as well as also Dumber To.”

Potential witnesses in 1MDB cases are afraid to speak with U.S. investigators as they fear for their safety, the Federal Bureau of Investigation said earlier This specific month.

The U.S. lawsuits have also sought to seize a Picasso painting given to American movie star Leonardo DiCaprio as well as also millions of dollars worth of jewellery given to Australian style as well as also actress Miranda Kerr, all allegedly through 1MDB funds.

Najib met U.S. President Donald Trump at the White House earlier This specific week, although both leaders steered clear of addressing the American investigation into the 1MDB scandal.

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