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Wednesday, December 30, 2015

WSJ: FBI eyes 'Wolf of Wall Street' production house in 1MDB probe

The US Federal Bureau of Investigation (FBI) is looking into the funding of film-production company Red Granite Pictures as part of its probe into 1MDB, the Wall Street Journal (WSJ) reports.
Red Granite Pictures was set up by Prime Minister Najib Abdul Razak's stepson Riza Aziz, and had produced the movie The Wolf of Wall Street.
In the US-based daily’s report, it cited people familiar with the matter as saying that the probe into Red Granite Pictures was part of the FBI's investigations on assets owned by Najib and his family.
This includes luxury real estate in New York and Los Angeles.
Red Granite Pictures had told the journal that neither Riza nor the company had been engaged in any "inappropriate" business.
In The Wolf of Wall Street, 1MDB-linked business tycoon Jho Low was honoured with a full screen credit all to himself after the main titles (photo).
WSJ yesterday quoted a former Malaysian ruling coalition politician as saying that Low was brought into 1MDB to help handle election-related spending.
Low has since denied working with 1MDB.

Read more: https://www.malaysiakini.com/news/324958#ixzz3vnlGRExc

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