Hollywood producer Riza Aziz (Photo: VNA) Kuala Lumpur (VNA) - Malaysian prosecutors have dropped money laundering charges linked to the 1Malaysia Development Berhad (1MDB) scandal against the Hollywood producer Riza Aziz.
Riza, whose Red Granite Pictures produced the Oscar-nominated film “The Wolf of Wall Street”, had been accused of laundering 248 million USD in money misappropriated from a government investment fund.
However, a Malaysian court on May 14 dismissed charges against Riza, under an agreement in which he will return assets worth millions of ringgit.
The 1MDB was founded by former Malaysian Prime Minister Nazib Razak in 2009 with the aim of boosting the country’s socio-economic development.
Malaysian and American investigators believe that the fund has looted about 4.5 billion USD, about 1 billion USD of which was sent to Nazib’s personal bank account./.
VNA
