“Wolf of Wall Street” producer allegedly used stolen money to buy Park Laurel condo

Riza Aziz diverted cash from a Malaysian state investment fund: report

TRD New York /
May.May 12, 2016 09:02 AM
 

A Hollywood executive who happens to be the stepson of Malaysia’s prime minister may have bought his $33.5 million NYC condominium with dirty money.

Riza Aziz, a producer on the film “The Wolf of Wall Street,” allegedly diverted at least $238 million from a government-owned economic development fund in that country, the Wall Street Journal reported.

Aziz, co-founder of Red Granite Pictures, purchased the 7,700-square-foot duplex at the Park Laurel condo tower at 15 West 63rd Street back in 2012. He also allegedly used $17.5 million diverted from the fund, called the 1Malayasia Development Berhad, to buy a 11,000-square-foot mansion in Beverly Hill.

The Federal Bureau of Investigation is studying the alleged misappropriation of billions of dollars from the fund, the Journal reported. Aziz has denied any wrongdoing, as has his stepfather Prime Minister Najib Razak, who allegedly received $1 billion from the fund. Razak claims those funds were donated to him by the Saudi Arabian royal family. [WSJ]Ariel Stulberg


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

“The biggest week of the year”: Miami luxury brokers eye potential buyers in town for Super Bowl

“The biggest week of the year”: Miami luxury brokers eye potential buyers in town for Super Bowl

Meryl Streep, 92 Laight Street and Kenneth Tropin (inset) (Credit: Getty Images and Google Maps)

Hedge funder Kenneth Tropin is buyer of Meryl Streep’s Tribeca pad

Sam Zell (Credit: Studio Scrivo, iStock)

The youth are fueling Sam Zell’s outdoor home rental business

Amazon CEO Jeff Bezos and Staten Island (Credit: Getty Images)

Amazon inks massive lease for Staten Island warehouse

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales

arrow_forward_ios
Loading...