Malaysian Ex-PM Stepson To Be Charged With Money Laundering

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Malaysia’s anti-graft agency said Thursday it has detained Riza Aziz, the stepson of former Prime Minister Najib Razak and a Hollywood film producer, and will charge him with money laundering.

Anti-Corruption Commission chief Latheefa Koya said Riza was picked up Thursday but has been released on bail.

“He has to appear before the court tomorrow to face charges under AMLA,” she said, referring to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. She declined to give details.

Riza was quizzed last July by the agency over alleged theft and money laundering at the 1MDB state investment fund.

U.S. investigators say Riza’s company, Red Granite Pictures Inc., used money stolen from 1MDB to finance Hollywood films including the Martin Scorsese-directed “The Wolf of Wall Street.” Red Granite has paid the U.S. government $60 million to settle claims it benefited from the 1MDB scandal.

Read the original article here: thenews.mx


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