Breaking News : Najib’s Stepson Riza Aziz Nabbed - To Face Money Laundering Charges - The Coverage

Breaking News : Najib’s Stepson Riza Aziz Nabbed – To Face Money Laundering Charges

Malaysian Anti-Corruption Commission (MACC) has confirmed it arrested Datuk Seri Najib Razak’s stepson Riza Aziz this afternoon.

The Hollywood film producer however was released shortly later on bail.

The anti-graft agency’s chief Latheefa Koya confirmed the arrest at 12pm and said Riza will be brought to court tomorrow to face charges under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla).

“He has to appear in court tomorrow to face charges under Amla,” Latheefa confirmed in a brief text message.

Riza, the son of Datin Seri Rosmah Mansor is expected to be charged as the owner of Red Granite Pictures for receiving laundered money from Good Star Ltd, a company associated with fugitive financier Low Taek Jho.

It has been previously reported that based on findings by the US Department of Justice, Red Granite, which produced the Oscar-nominated film Wolf of Wall Street, had received money misappropriated from 1Malaysia Development Berhad (1MDB).

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DoJ filed a civil asset forfeiture action against Red Granite in July 2016 as part of broader efforts to recoup more than US$1 billion allegedly embezzled from 1MDB.

In March last year, Riza’s Red Granite agreed to pay US$60 million (RM234 million) to the US government to resolve allegations that it profited from corrupt money involving 1MDB.

The payment was settled within six months.

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