Thursday, October 29, 2020

1MDB Trial: “Wolf of Wall Street” Producer Riza Aziz Seeks Review of Money Laundering Charges Against Him

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Hollywood producer Riza Aziz is seeking a review of the five money laundering charges against him over funds allegedly received from state investment fund 1MDB.

Deputy public prosecutor Mohamad Mustafa P Kunyalam told reporters this after meeting Sessions Court judge Rozina Ayob in chambers to update the court on Riza’s case.

“The prosecution received his representation letter filed on Nov 18,” he said, adding however that he could not divulge the contents of the letter as it was a confidential matter.

He said Rozina had set Jan 13 next year for case mention to allow the prosecution to update the court on its decision.

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“We will also be serving more trial documents to the defence team as we just received notification from the US authorities that they will send us further documents,” he said.

The trial will commence after Jan 13, as scheduled.

Riza Aziz, who is Rosmah Mansor’s son, claimed trial to the money laundering charges amounting to US$248 million for allegedly receiving funds from Good Star Ltd and Aabar Investments PJS Ltd.

The two companies were said to be linked to fugitive businessman Low Taek Jho.

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He was accused of receiving the money between April 2011 and Nov 2012 at City National Bank in Los Angeles, California as well as BSI Bank at Temasek Boulevard in Singapore.

If found guilty under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, Riza Aziz could face jail of up to five years and a maximum fine of RM5 million or five times the amount of the proceeds, whichever is higher.

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