The Producer of “The Wolf of Wall Street” is in talks with the U.S. Justice Department to settle a lawsuit alleging the movie was funded by money siphoned from a Malaysian state investment fund, 1Malaysia Development Bhd (1MDB).
Lawyers for Red Granite Pictures Inc., which was co-founded by Riza Aziz, a stepson of Malaysian Prime Minister Najib Razak, and the U.S. on Tuesday asked a federal judge in Los Angeles to extend a deadline in the lawsuit so that they can “focus on their ongoing negotiations.”
The fund has denied wrongdoing.
This article has been summarised, the full original article can be found at bloomberg.com
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