Los Angeles — The producer of the movie The Wolf of Wall Street is in talks with the US Justice Department to settle a lawsuit alleging the movie was funded by money siphoned from a Malaysian state investment fund. On Tuesday, lawyers for Red Granite Pictures, which was co-founded by Riza Aziz, a stepson of Malaysian Prime Minister Najib Razak, and the US asked a federal judge in Los Angeles to extend a deadline in the lawsuit so they can "focus on their ongoing negotiations". The case against the 2013 Martin Scorsese picture is part of more than a dozen forfeiture lawsuits the US filed last year against more than $1bn in assets, allegedly acquired with money stolen from 1Malaysia Development Berhad (1MDB). The assets include mansions in Beverly Hills, California, luxury condos in New York, and art work. The US Justice Department is seeking the profits, royalties and distribution proceeds that are owed to Red Granite Pictures. The movie, starring Leonardo DiCaprio, took in $392m in ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now