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PM Najib is ‘Malaysian official 1’ named in DOJ probe, says minister: BBC
by CNBC.com staff / Today, 11:09 AM
In July, the U.S. Department of Justice moved to seize more than $1 billion of assets tied to an alleged international conspiracy to launder funds funnelled away from 1MDB, including funds related to the film "The Wolf of Wall Street."
That complaint said officials at 1MDB, their relatives and other associates diverted more than $3.5 billion from the state fund and laundered it through complex transactions and shell companies with bank accounts in Singapore, Switzerland, Luxembourg and the U.S.
The producer of "The Wolf of Wall Street," Red Granite Pictures, was co-founded by Riza Aziz, Najib's stepson.
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PM Najib is ‘Malaysian official 1’ named in DOJ probe, says minister: BBC
by CNBC.com staff / Today, 11:09 AM
In July, the U.S. Department of Justice moved to seize more than $1 billion of assets tied to an alleged international conspiracy to launder funds funnelled away from 1MDB, including funds related to the film "The Wolf of Wall Street."
That complaint said officials at 1MDB, their relatives and other associates diverted more than $3.5 billion from the state fund and laundered it through complex transactions and shell companies with bank accounts in Singapore, Switzerland, Luxembourg and the U.S.
The producer of "The Wolf of Wall Street," Red Granite Pictures, was co-founded by Riza Aziz, Najib's stepson.
Follow CNBC International on Twitter and Facebook.
