×
You will be redirected back to your article in seconds

Red Granite Fires Back at Money Laundering Allegations, Says It ‘Did Nothing Wrong’

Red Granite Pictures is fighting back against allegations that it used funds stolen from a Malaysian development fund to produce “The Wolf of Wall Street.”

Riza Aziz, the company’s CEO, is identified as a central figure in the civil forfeiture suit filed Wednesday by the Justice Department — the largest such case ever filed involving offshore corruption. The suit seeks the return of $1 billion in allegedly misappropriated funds which originated with the 1MDB development fund. Aziz is the stepson of Najib Razak, the prime minister of Malaysia.

In a statement issued Wednesday afternoon, the company said its executives did not knowingly use illicit funds.

“To Red Granite’s knowledge, none of the funding it received four years ago was in any way illegitimate and there is nothing in today’s civil lawsuit claiming that Red Granite knew otherwise,” the company said. “Red Granite continues to cooperate fully with all inquiries and is confident that when the facts come out, it will be clear that Riza Aziz and Red Granite did nothing wrong.”

Aziz has previously denied taking money from 1MDB. “There is no Malaysian money,” he told the New York Times when questions were raised about the issue in 2014.

The forfeiture suit contends, however, that Red Granite Pictures received $64 million that traced back to 1MDB. The lawsuit seeks the return of any future revenues from “The Wolf of Wall Street” that are due to Red Granite.

In its statement, Red Granite said the suit will not affect its ongoing operations.

“Red Granite does not expect the lawsuit – which is limited to future proceeds generated by a single film, and which was not filed against Red Granite or any of its employees – to impact its day to day operations, and the company continues to move forward with exciting new projects,” the company said.

Popular on Variety

More Film

  • Nouras-Dream

    ‘Noura’s Dream’ Director Hinde Boujemaa Owes It All To The Arab Spring

    SAN SEBASTIAN —  Hinde Boujemaa might have started her filmmaking career later than others, but she hasn’t lost any time in the subsequent years. The Tunisian director’s 2012 documentary “It Was Better Tomorrow” premiered at the Venice Film Festival, and she now returns with her feature-length fiction debut, “Noura’s Dream,” which follows a working-class woman [...]

  • Nudo-Mixteco

    Ángeles Cruz’s ‘Nudo Mixteco’ Impresses at San Sebastian Works in Progress

    SAN SEBASTIAN —   Ángeles Cruz, one of Mexico’s highest-profile indigenous cineasts, screened for the first time a nearly-finished version of her feature debut “Nudo Mixteco” at the San Sebastian Films in Progress sidebar. Having won two Mexican Academy Ariel Awards for her first two shorts, “Nudo Mixteco” arrived in Spain buzzing. It deftly intertwines [...]

  • NUESTRAS-MADRES-OUR-MOTHERS

    Outsider Pictures Nabs U.S. Rights to 'Our Mothers,' Belgium's Oscar Submission (EXCLUSIVE)

    SAN SEBASTIAN —    Paul Hudson’s Outsider Pictures has picked-up U.S. distribution rights to César Díaz’s “Nuestras madres” (“Our Mothers”), Belgium’s submission for the international feature film Academy Award. Sold by Pyramide International, “Our Mothers” world premiered at Cannes’ Critics Week, winning the Golden Camera for best first film at the Cannes Festival. Outsider Pictures [...]

  • El-Peso

    Basque Industry Backs Female Filmmakers with Noka Mentoring Program

    SAN SEBASTIAN — The Noka Mentoring program, a local initiative to support up-and-coming Basque female filmmakers, kicked off on Monday morning at this year’s 67th San Sebastian Film Festival. The program was co-developed by the Basque Government’s Department of Culture and Language Policy and Zineuskadi, a non-profit org set up by the department and the two [...]

  • INLAND

    Basque Production: New, Upcoming Titles

    ‘+90dB’ A Basque rock band travels the globe playing to diehard fans from Japan, the U.S., Germany and France. Marina Lameiro’s second film, produced by Arena Comunicación and Txalap.art. ‘918 NIGHTS’ Arantza Santesteban writes and directs her first feature documentary in which she explores the experience of being incarcerated for what seemed to be 918 [...]

  • THE-PLATFORM

    Basque Cinema Broadens Industrial Base

    SAN SEBASTIAN — Basque cinema is attacking the future with higher industrial and creative expectations than ever, playing off two motors: Co-production with other parts of Spain, international equity partnerships. Two game-changers in the Basque film landscape, “Handia,” winner of 10 Spanish Academy Goya Awards in 2018, and “Loreak,” Spain’s 2016 Oscar submission, have contributed [...]

  • The Taste Of Pho

    'The Taste Of Pho' Bows Trailer Ahead Of San Sebastian World Premiere (EXCLUSIVE)

    Poland’s New Europe Film Sales is handling worldwide sales rights to Mariko Bobrik’s feature debut “The Taste of Pho.” The food drama’s trailer is launching exclusively in Variety ahead of its world premiere at the San Sebastian Film Festival’s Culinary Cinema sidebar. Described as a story about love, misunderstanding and food, “The Taste of Pho” follows Long, [...]

More From Our Brands

Access exclusive content