GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home International

DiCaprio To Co-Operate In Probe Into Malaysia’s 1MDB Scandal

October 19, 2016
in International
Share on FacebookShare on Twitter

Leonardo DiCaprio has offered to help US authorities in their corruption probe into Malaysia’s state fund 1MDB.

You Might Also Like

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

Protests Held As Fire Anger Increases

Both the Hollywood actor’s charity foundation and his movie The Wolf of Wall Street have allegedly received money siphoned off the Malaysian fund.

The US hopes to seize more than $1bn (£761m) in assets related to the fund.

The Justice Department filed a civil suit to seize luxury real estate, artwork and other assets purchased with allegedly stolen funds from 1MDB.

A spokesman for Mr DiCaprio said his charitable foundation would return gifts or donations if they were found to have come from the fund.

The spokesman said that on finding out about corruption probe through news reports in July, DiCaprio “immediately had his representatives reach out to the Department of Justice to determine whether he or his foundation, the Leonardo DiCaprio Foundation, ever received any gifts or charitable donations directly or indirectly related to these parties, and if so, to return those gifts or donations as soon as possible.”

The statement said that Mr DiCaprio and foundation would be “entirely supportive of all efforts to assure that justice is done in this matter”.

Funds ‘misappropriated’

Malaysia’s 1MDB fund started to attract attention in early 2015 when it missed payments for the $11bn it owed to banks and bondholders.

This was followed by allegations of an international scheme of embezzlement and money-laundering involving billions of dollars of 1MDB money, rocking the Southeast Asian country’s political establishment.

In a July lawsuit, the US Justice Department alleged the “misappropriated” funds financed lavish lifestyles of “multiple individuals including public officials”.

The $1bn to be seized only makes up a proportion of the money that was allegedly diverted, which comes to more than $3.5bn.

“The Malaysian people were defrauded on an enormous scale,” deputy FBI director Andrew McCabe said in July.

The court papers detailed how “Malaysian Official 1” – soon afterwards identified by officials as Malaysian Prime Minister Najib Razak – had family members and close associates divert billions of dollars from the fund.

Mr Najib launched 1MDB in 2009 to turn Kuala Lumpur into a financial hub and closely oversaw it. While the fund has admitted that “mismanagement” took place and has since replaced its board, Mr Najib denies any personal involvement in the case.

The court papers though name Mr Najib’s stepson, Riza Aziz, whose company Red Granite Pictures produced the Leonardo DiCaprio film The Wolf of Wall Street.

Red Granite Pictures has said that to its knowledge it did not receive any illegitimate money and it has done nothing wrong.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: 1Malaysia Development Berhad1Malaysia Development Berhad scandalAndrew McCabeBusiness_FinanceDepartment of JusticedirectorFederal Bureau of InvestigationfilmHollywood actorKuala LumpurLeonardo DiCaprioLeonardo DiCaprio Foundationluxury real estateMalaysiaNajib RazakPrime MinisterRed Granite PicturesRiza AzizSarawak Reportspokesmanspokesman for Mr DiCaprioThe Wolf of Wall StreetUN CourtUnited StatesUS Justice DepartmentWall Street

Related News

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

by
April 6, 2020
0

Boris Johnson has been moved to intensive care after his condition worsened, Downing Street has said. The prime minister was...

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

by
June 25, 2019
0

Daniel Desmond Amofah, a.k.a. Etika, a popular gaming vlogger with more than 800,000 YouTube followers and son of the Ghanaian...

Protests Held As Fire Anger Increases

by
June 16, 2017
0

Protests were held in London as residents demanded support for those affected by the Grenfell Tower fire. Between 50 and...

US Destroyer Collides With Merchant Vessel Near Japan

by
June 16, 2017
0

The US Navy has requested help from the Japanese coastguard. A US Navy destroyer has collided with a merchant vessel...

Next Post

10 Years of Cultural and Traditional Education

I’ve Two Kids With Ken Agyepong

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com