'The Wolf of Wall Street' producer Riza Azis, the stepson of Malaysia's former prime minister, has pleaded not guilty to laundering $248 million from the 1MDB state investment fund.
Riza Aziz, stepson of Malaysian former Prime Minister Najib Razak, walks into a court room at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, Friday, July 5, 2019. Malaysia's anti-graft agency said Thursday it has detained Riza Aziz, the stepson of ex-premier Najib Razak and a Hollywood film producer, and will charge him with money laundering.
Riza Aziz was solemn as he appeared in court to be charged with receiving the illicit funds between 2011 and 2012 in the U.S. and Singapore. The money was transferred from Swiss bank accounts of two companies U.S. investigators identified as being linked to 1MDB into Red Granite’s accounts in the United States and Singapore, according to the charge sheets describing the evidence.
Najib set up the 1MDB fund to finance development in Malaysia when he took office in 2009, but it accumulated billions in debts and U.S. investigators allege at least $4.5 billion was stolen from the fund and laundered by Najib’s associates.
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