INTERNATIONAL - The producer of the "Wolf of Wall Street" agreed to pay $60 million to settle claims it financed the movie with money siphoned from a Malaysian state investment fund.
The settlement between the U.S. Justice Department and Red Granite Pictures Inc., which was co-founded by a stepson of Malaysian Prime Minister Najib Razak, also covers U.S. forfeiture claims against the producer’s rights and interests in two other pictures, “Daddy’s Home” and “Dumb and Dumber To.”
The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd. The assets include mansions in Beverly Hills, California, luxury condos in New York, jewelry and artworks.
The Justice Department sought the profits, royalties and distribution proceeds that are owed to Red Granite Pictures. The movie starring Leonardo DiCaprio took in $392 million in worldwide ticket sales, according to the website Box Office Mojo.