Friday, October 30, 2020

“Wolf of wall street” producer Riza Aziz’s money laundering case set for Sept 24

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The Sessions Court here today set Sept 24 for mention of a money laundering case against Riza Aziz (Riza Shahriz Abdul Aziz), stepson of former Prime Minister Datuk Seri Najib Razak.

Riza is alleged to have misappropriated up to US$248 million (RM1.25 billion) from 1Malaysia Development Berhad (1MDB).

Judge Rozina Ayob set the date after deputy public prosecutor Mohamad Mustaffa P Kunyalam informed the court that the prosecution had yet to complete several documents relating to the case.

“The prosecution needs a little more time to obtain several documents from the United States. Other documents have been submitted to the defence in accordance with Section 51A of the Criminal Procedure Code,” Mustafa said.

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Lawyer Datuk Hariharan Tara Singh, representing Riza Aziz, 42, confirmed the matter, but requested for the prosecution to submit the documents as soon as possible.

He also informed the court that the defence had, on Aug 16, filed an application to transfer the case to the High Court and that the High Court had set Sept 23 to hear the application.

On July 5, Riza, owner of Red Granite Pictures, pleaded not guilty to five charges.

On the first charge, the producer of “Wolf of The Wall Street” is accused of being involved in money laundering amounting to US$1,173,104 (to commit illegal activities) via a transaction made from an account with the number 11116073 which belonged to Good Star Limited at RBS Coutts, Switzerland to account number 123248291 of City National Bank, Los Angeles, USA belonging to Red Granite Productions Inc.

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The money was allegedly misappropriated from IMDB funds between April 12 and May 12 at City National Bank, Los Angeles Main, 525 South Flower Street, Los Angeles, California, USA.

On the second charge, Riza, who is the son of Datin Seri Rosmah Mansor from her previous marriage, is accused of committing the same offence involving US$9 million via transfers from the same account on Sept 10, 2012, and Oct 10, 2012, at the same premises.

On the third and fourth charges, he is accused of the same offence involving US$133 million and US$60 million in money transfers from account number 81134378 belonging to Aabar Investment PJS Limited, at BSI SA, Lugano, Switzerland to account number 6C02250A at BSI Bank Limited, Singapore belonging to Red Granite Capital Ltd.

The offence was allegedly committed at BSI Ltd, 7 Temasek Boulevard, #32-01 Suntec Tower One, Singapore on June 18, 2012, and Oct 23, 2012.

On the fifth charge, Riza Aziz is accused of committing the same offence amounting to US$45 million at the same venue on Nov 14, 2012.

The charges were framed according to Section 4(1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which carries a fine not exceeding RM5 million or imprisonment not exceeding five years, or both, upon conviction.

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