‘Wolf of Wall Street’ producer charged with 1MDB money laundering in Malaysia

Riza Aziz, producer of the Hollywood film "The Wolf of Wall Street and stepson of Malaysia's disgraced ex-leader Najib Razak, arrives for a court appearance at Duta court in Kuala Lumpur on July 5, 2019. (AFP / Mohd Rasfan)
Updated 05 July 2019
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‘Wolf of Wall Street’ producer charged with 1MDB money laundering in Malaysia

  • Riza Aziz, a co-founder of Hollywood production firm Red Granite Pictures, is the stepson of former prime minister Najib Razak
  • He is accused of misappropriated $248 million linked to state fund 1Malaysia Development Berhad (1MDB)

KUALA LUMPUR: Malaysia on Friday charged one of the “Wolf of Wall Street” film producers, and stepson of former prime minister Najib Razak, with money laundering, alleging he misappropriated $248 million linked to state fund 1Malaysia Development Berhad (1MDB).
Riza Aziz, a co-founder of Hollywood production firm Red Granite Pictures that was behind the Oscar-nominated film “The Wolf of Wall Street,” was charged with five counts of money laundering.
Prosecutors alleged Riza received a total of $248 million as a result of misappropriation of 1MDB funds.
Riza pleaded not guilty to all the charges. Each charge carries a financial penalty of up to five million ringgit ($1.21 million), a maximum jail term of five years, or both.
The court granted Riza bail at one million ringgit and asked him to surrender his passports.
After unexpectedly losing an election to Mahathir Mohamad in May last year, Najib has been slapped with a series of corruption charges, mostly tied to losses at now-defunct 1MDB.
Najib, who founded 1MDB in 2009, faces 42 criminal charges related to huge losses at the fund and other state entities. He has pleaded not guilty and has consistently denied wrongdoing.
The US Justice Department has estimated that a total of $4.5 billion was misappropriated by high-level officials at 1MDB and their associates between 2009 and 2014.
1MDB is being investigated in at least six countries for alleged money laundering and graft.
US prosecutors have said Red Granite had financed three films using funds they suspect were stolen from 1MDB.
Red Granite paid the US government $60 million in September 2017 to settle a civil forfeiture claim over the rights to “The Wolf of Wall Street.”


Maduro’s fall tests Venezuela’s ruling ‘club’

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Maduro’s fall tests Venezuela’s ruling ‘club’

  • The ousting of Nicolas Maduro as Venezuela’s president puts to the test his “Chavista” factions that have governed the oil-rich nation for 27 years
CARACAS: The ousting of Nicolas Maduro as Venezuela’s president puts to the test his “Chavista” factions that have governed the oil-rich nation for 27 years.
What happens to the so-called “club of five” powerful leftist figures, now that two of its most important members — Maduro and his wife Cilia Flores — have been captured and sent to the United States to face trial?

’Club of five’
Anointed by his mentor Hugo Chavez before the latter’s death in 2013, Maduro kept a tight grip on power until his capture by US forces on Saturday.
Maduro ruled alongside Flores and three other powerful figures: former vice president Delcy Rodriguez — now Venezuela’s interim leader — her brother Jorge, and their rival: hard-line Interior Minister Diosdado Cabello.
“It’s like a club of five,” a diplomatic source in Caracas told AFP under the condition of anonymity.
“They can speak, they have a voice in the government, but Maduro was the one who kept the balance. Now that he’s gone, who knows?“
Maduro and ‘Super Cilita’
The image of Maduro handcuffed and blindfolded as US forces transported him to New York to face trial made headlines around the world.
During months in the crosshairs of US President Donald Trump, who accused him of being a drug trafficker, the 63-year-old former bus driver deflected pressure by dancing to techno music at near-daily rallies, always broadcast live, as he chanted the mantra “No war, yes peace!” — in English.
Frequently underestimated, Maduro managed to eliminate internal resistance and keep the opposition at bay.
Murals, songs and films celebrated him, as did the animated cartoon “Super Moustache,” in which he appeared as a superhero, fighting imperialism alongside “Super Cilita,” who is based on Flores.
Toy figurines of both characters were also produced.
The military swore absolute loyalty to him, led by Defense Minister Vladimir Padrino Lopez.
Though defiant at first and calling for Maduro’s return, Venezuela’s interim leader Rodriguez called for a “balanced and respectful relationship” between the South American country and the United States on Sunday.
“The top level of government has survival as its absolute priority,” Antulio Rosales, political scientist and professor at York University in Canada, told AFP.
The Rodriguez siblings
Rodriguez controlled the economy and the oil industry as vice president while her brother Jorge is the speaker of parliament.
They are known for their incendiary rhetoric, often mixing belligerence, irony and insults against the “enemies of the fatherland.”
But behind the scenes, they are skilled political operators.
Jorge Rodriguez was the chief negotiator with the opposition and the United States, and his sister represented Maduro in various international forums.
Experts also attribute purges within government to them, such as one that sent Tareck El Aissami, a powerful oil minister until 2023, to prison.
Rodriguez took over his post shortly afterwards.
The feared policeman
Diosdado Cabello meanwhile is widely feared in Venezuela. Under his ministry, some 2,400 people were detained during protests that followed Maduro’s disputed re-election in 2024, in a move that cowed the opposition.
Cabello is seen as representing the most radical wing of “Chavismo,” and some see him at odds with the pragmatism of the Rodriguez pair, though both sides have denied this.
Cabello acted as president for a few hours when Chavez was overthrown for two days in 2002.
He accompanied Chavez in a failed coup attempt in 1992. Today he is number two in the Socialist Party behind Maduro.
The US courts have now named Cabello among those wanted for trial alongside Maduro.
They have offered $25 million for his capture.
Having kept a low profile in the hours after Maduro’s capture, he appeared by Rodriguez’s side at her first cabinet meeting as acting president on Sunday.