Red Granite Settlement

Government in order to settle allegations that it.

Red granite settlement. The settlement also stipulates that the payment should not be construed as an admission of wrongdoing or liability on the part of red granite. Belfort has sued red granite for fraud negligent misrepresentation violation of the rico act breach of contract and breach of the covenant of good faith and fair dealing according to the hollywood reporter. The plaintiffs said in a statement we apologize for naming riza aziz and joey mcfarland as individual defendants rather than just red granite. Kuala lumpur may 17.

Riza aziz case settlement. The assets comprise properties in the us and the uk as well as cash and a 93 year old poster from a 1927. Red granite pictures the producer behind the wolf of wall street dumb and dumber to and other films has agreed to pay 60 million to the u s. Government bringing an early end to its involvement in a 4 5 billion malaysian corruption case.

Belfort is significantly damaged by red granite s tainting of his book story rights coupled with red granite s inability and or refusal to exploit and maximize the rights acquired. The red granite and riza aziz 1mdb settlement raises fresh questions about rosmah mansor s role in the 1mdb theft readers will recall from the story below that it was riza aziz s lawyers who by design or accident pointed the finger of blame for that theft at the first lady of malaysia. The film s producer red granite pictures co founded by the malaysian prime minister s stepson announced last september that it had reached a settlement in principle with the u s. Lawsuits have also sought to seize a 3 2 million picasso painting allegedly bought from 1mdb funds and gifted to hollywood actor leonardo dicaprio the star of the wolf of wall street.

Red granite pictures has paid off the balance of its 60 million settlement with the u s. The announcement of the settlement lists the plaintiffs as executive producers and all claims of racketeering made against red granite riza aziz and joey mcfarland were withdrawn. The us 108 million assets owned by riza aziz allegedly financed using 1mdb funds that the malaysian government expects to recover is on top of the us 57 million obtained by the us authorities from red granite pictures says attorney general tan sri idrus harun.