LOS ANGELES: Red Granite Pictures has agreed to pay US$60mil (RM234mil) to the US government in order to resolve allegations that it profited from a massive Malaysian corruption scandal. The company, which produced "The Wolf of Wall Street" among other films, filed a joint stipulation with federal prosecutors on Tuesday (March 6). Riza Aziz, the CEO of Red Granite, is the stepson of Malaysia’s Prime Minister and a close friend of Low’s. Prosecutors alleged that he used more than US$100mil (RM390mil) taken from 1MDB to finance "The Wolf of Wall Street", "Dumb and Dumber To" and "Daddy's Home". Red Granite can apply to receive some of the Paramount funds early, but only if for "ordinary course" transactions.

Source: The Star March 07, 2018 05:48 UTC