Asia
1MDB Drops $248 Million Lawsuit Against ‘Wolf of Wall Street’ Producer
- Suit had said funds were misused to make movies, buy property
- Action was one of several 1MDB took to claim missing funds
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Malaysia’s 1MDB has dropped a years-long lawsuit against Riza Aziz, one of the producers of hit movie The Wolf of Wall Street, and a stepson to jailed former Prime Minister Najib Razak.
The state investment fund, known formally as 1Malaysia Development Bhd., had alleged misappropriation of $248 million when it filed the suit against Riza and his companies Red Granite Pictures Inc. and Red Granite Capital Ltd. in 2021, state-run Bernama news agency reported Monday. Riza’s lawyer confirmed to Bloomberg News that the suit has been dropped.