Thursday 28 Mar 2024
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KUALA LUMPUR (April 4): 1Malaysia Development Bhd (1MDB) said it had never invested in or transferred money to US-based production company Red Granite Pictures as alleged in a report by The Wall Street Journal (WSJ).

Red Granite is the producer of “The Wolf of Wall Street” movie.

1MDB said in a statement : "1MDB has never invested in nor transferred funds to Red Granite Pictures, whether directly or via intermediaries. Any statement to the contrary is false." 

"We, therefore, deny any suggestion that 1MDB funded the production of The Wolf of Wall Street, or had any involvement with the film in any capacity, as has been alleged or implied in some recent media reports," 1MDB said.

WSJ had earlier reported that the US Federal Bureau of Investigation (FBI) was investigating allegations that 1MDB diverted US$155 million (about RM600 million) to Red Granite, quoting people familiar with the FBI investigation.

WSJ reported that the FBI issued subpoenas to several current and former employees of Red Granite, which is linked to Malaysia Prime Minister Datuk Seri Najib Tun Razak's stepson Riza Aziz. Riza is Red Granite chairman, according to WSJ.

According to WSJ's report, the FBI also issued subpoenas to a bank and an accounting firm, which Red Granite used.

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