Edition: Australia  
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

Share on
Share on
Post on 
Share by

Recent related news

Malaysia's PM Najib denies hiring former Trump campaign aide

Malaysian Prime Minister Najib Razak has denied links to a former campaign aide to President Donald...
DNA - World

Prospect Japan Fund - Net Asset Value(s)

THE PROSPECT JAPAN FUND LIMITED (a closed-ended investment company incorporated in Guernsey with...
FinanzNachrichten.de - Markets

Bidding for Beckham: soccer star among lots at Cannes AIDS auction

Fancy drinks overlooking the Mediterranean followed by dinner with Leonardo DiCaprio and...
DNA - Lifestyle

Stars dig deep at charity Cannes AIDS gala

Stars dig deep at charity Cannes AIDS galaCannes, France (AFP) May 26, 2017 A galaxy of stars including Leonardo DiCaprio, Dustin Hoffman,...
Terra Daily - Science

Fund in memory of young men who died on holiday after taking...

Fund in memory of young men who died on holiday after taking...A fund has been set up in the name of two young Devon men who died on holiday after accidentally...
Torquay Herald Express - UK

Samsung Electronics to set up fund to help suppliers amid Moon's reform push

SEOUL (Reuters) - Samsung Electronics Co Ltd said it would set up a 500 billion won ($445 million)...
Reuters - Technology

IMF approves loan to Mongolia to finance reforms

BEIJING (AP) " The International Monetary Fund has approved a $434 million loan to Mongolia to...
New Zealand Herald - World

Motor insurance premiums may rise to pay for insolvencies fund

Under plan Insurance Compensation Fund will pay 65% of any claims if firm collapses
Irish Times - Business

Dimensional Fund Advisors Ltd.: Form 8.3 - Sandstorm Gold Ltd - Common shares

FinanzNachrichten.de - Markets

7 Major roads projects under PM Gram Sadak Yojana implemented in Ladakh region

7 Major roads projects under PM Gram Sadak Yojana implemented in Ladakh regionTo improve road connectivity in Ladakh region of the Jammu and Kashmir under the Pradhan Mantri Gram...
All India Radio - India

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+