(July 3): Malaysian investigators are questioning the producer of “The Wolf of Wall Street” as they step up efforts to recoup funds potentially lost through 1MDB.

Riza Aziz, co-founder of Red Granite Pictures and stepson of former Malaysian Prime Minister Najib Razak, arrived at the Malaysian Anti-Corruption Commission for a hearing on Tuesday afternoon. In the US, his production company had reached a US$60 million ($82.1 million) settlement in a suit that alleged the movie was funded by money siphoned from 1MDB.

Malaysia’s 1MDB task force is moving quickly to map the extent of wrongdoing at the troubled state fund, freezing more than 400 bank accounts involving 1.1 billion ringgit ($372 million) and issuing arrest warrants, including for Riza’s friend Low Taek Jho.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook