Edition: United Kingdom  
One News Page
“Probably the fastest-access news portal in the world”
> >

DiCaprio to cooperate over corruption investigation into Malaysian investment fund 1MDB

Duration: 00:40s - Published: < > Embed
News video: DiCaprio to cooperate over corruption investigation into Malaysian investment fund 1MDBOscar-winning actor Leonardo DiCaprio has said he will cooperate with investigations of corruption allegations against Malaysia’s state investment fund 1MDB. His charitable foundation has pledged to return gifts or donations that came from the fund. DiCaprio’s foundation, which supports environmental projects, allegedly received the equivalent of almost two million euros in cash and other donations made by a Malaysian financier named in a US lawsuit. The US Justice Department, and other countries, are investigating some of those involved in the Malaysian fund for alleged money laundering, fraud and misappropriation of at least $3.5 billion (2.3 billion euros). Picture imperfect In July a Hollywood production company, Red Granite Pictures, was accused in a US civil lawsuit of using $100 million (91.25 million euros) that prosecutors said had been diverted from the 1MDB fund to finance DiCaprio’s 2013 film ‘The Wolf of Wall Street’. Red Granite was co-founded by Riza Shahriz Abdul Aziz, the stepson of Malaysia’s Prime Minister Najib Razak. Razak, who set up the 1MDB state investment fund, has denied any wrongdoing. Red Granite has also said that to its knowledge none of the money it received was illegitimate and that it had done nothing wrong. DiCaprio’s representatives said he had first learned of the probe through press reports in July. “He immediately had his representatives reach out to the Department of Justice to determine whether he or his foundation, the Leonardo DiCaprio Foundation (LDF), 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. “All contact was initiated by Mr. DiCaprio and LDF,” it said. Leonardo DiCaprio’s LACMA fundraising dragged into Malaysia scandal https://t.co/Qn0nCCeDos pic.twitter.com/QmaNp7hEwR— Hollywood Reporter (@THR) October 19, 2016

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Estonia is looking into starting its own national cryptocurrency

Kaspar Korjus, the Managing Director of Estonia’s e-Residency program, just announced the...
The Next Web - Internet

China-Malaysia Relations: The Three Dilemmas Of Malaysian Chinese – Analysis

As Malaysia’s trade and investment with China grows a new dimension has emerged in the relationship...
Eurasia Review - World

Scandal-Struck Malaysian Prime Minister to Visit President Trump in Washington

Malaysian Prime Minister Najib Razak, whose administration is at the center of the 1MDB corruption...
Wall Street Journal - World

Trump plans to meet scandal-hit Malaysian leader in September: official

WASHINGTON (Reuters) - President Donald Trump plans to meet Malaysian Prime Minister Najib Razak, who...
Reuters - World

Invesco Investment Trusts - Net Asset Value(s)

PR NewswireLondon, August 23 Net Asset Values for investment trust companies managed by Invesco Fund...
FinanzNachrichten.de - Markets

Turner Impact Capital Launches Healthcare Investment Initiative Focused on Improving Access to High-Quality Care in Underserved Communities

Turner Impact Capital Launches Healthcare Investment Initiative Focused on Improving Access to High-Quality Care in Underserved CommunitiesLOS ANGELES--(BUSINESS WIRE)--Turner Impact Capital, one of the nation’s largest social impact...
Business Wire - Press Releases

State Street Global Advisors Announces Impact of Receiving Settlement Payment

State Street Global Advisors Announces Impact of Receiving Settlement PaymentBOSTON--(BUSINESS WIRE)--The SPDR® Exchange Traded Fund (ETF) listed in the table below, announced...
Business Wire - Press Releases

Public-private fund to boost local startup scene looks for leader

​The Charlotte Regional Fund for Entrepreneurship, a nonprofit fund created to boost Charlotte’s...
bizjournals - Business

Mark Cuban Just Backed a “People-Driven” $20 Million Token Fund

Mark Cuban has invested in an emerging venture fund that seeks to invest in blockchain-based crypto...
Futurism - Science

Canada: Laid-Off Sears Workers Land Hardship Fund - Devry Smith Frank LLP

According to the Financial Post, Sears Canada has agreed to create a fund for former employees who...
Mondaq - Legal


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+