The Wolf of Wall Street saga continues with an unexpected twist.
Red Granite Pictures, the production company behind the popular movie, is allegedly linked to a Malaysian corruption scandal that mirrors scenes from the film itself.
Reza Aziz, the head of Red Granite Pictures, is accused of siphoning off millions of dollars from the Malaysian government. He is facing five counts of money laundering, with allegations pointing to the receipt of $248 million from the Malaysian state fund 1MDB. As the stepson of former Malaysian Prime Minister Najib Razak, Aziz is the third family member to be implicated in charges related to misused 1MDB funds. Meanwhile, Najib is battling 42 corruption charges and currently stands trial for some of them.
The 1MDB controversy stands as Malaysia’s most significant corruption scandal in history, involving the misappropriation of billions of dollars from state funds for fraudulent activities worldwide. A substantial portion of the $681 million diverted from 1MDB was reportedly channeled into Razak’s personal accounts, later used for extravagant expenses. The US Justice Department estimates that the total stolen amount could exceed $4.5 billion. Aziz is alleged to have transferred his portion to a Swiss bank account, subsequently dividing the funds among various accounts, including one held by Red Granite Pictures in the US. Both Aziz and Razak maintain their innocence in light of the accusations.
The US Justice Department was the first to point fingers at Red Granite for utilizing illicit 1MDB funds to finance Hollywood projects, including ‘The Wolf of Wall Street.’ It seems like a fitting continuation—perhaps even a prequel—to the original storyline.