US returns $57m in 1MDB Hollywood money to Malaysia | The Guardian Nigeria News

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Malaysia’s former prime minister Najib Razak speaks to the media after being questioned at the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya on May 24, 2018.<br />Najib arrived at the anti-graft agency on May 24 to be questioned for a second time this week over a multi-billion-dollar corruption scandal following his shock election loss. / AFP PHOTO / Mohd RASFAN

Millions of dollars forfeited by the company behind the Leonardo DiCaprio film “Wolf of Wall Street” have been sent to a Malaysian account set up to recover money looted in a massive state fraud, officials said Tuesday.

Billions of dollars were stolen from sovereign wealth fund 1MDB, allegedly by ex-prime minister Najib Razak and his cronies in a crime that stretched around the world.

The US Department of Justice is in the process of seizing assets it says are linked to the scandal.

It has now transferred funds that were handed over by Red Granite Pictures, the Hollywood production company behind…



Source: Guardian Newspaper