Red Granite Pictures has paid off the balance of its $60 million settlement with the U.S. government, bringing an early end to its involvement in a $4.5 billion Malaysian corruption case.
The production company behind “The Wolf of Wall Street” and “Daddy’s Home” reached a deal with federal prosecutors in March. Under the agreement, the company did not admit wrongdoing and promised to pay the settlement amount in three installments over the course of nearly a year. The company has now paid the final installment four months ahead of schedule, officially ending the case.
“Red Granite paid its obligation to the government in full,” they said in a statement. “The company is pleased to put this matter behind it.”
Red Granite was accused of using more than $100 million embezzled from 1Mdb, a Malaysian development fund. The 1Mdb scandal led to the downfall of Malaysian Prime Minister Najib Razak, who was recently...
The production company behind “The Wolf of Wall Street” and “Daddy’s Home” reached a deal with federal prosecutors in March. Under the agreement, the company did not admit wrongdoing and promised to pay the settlement amount in three installments over the course of nearly a year. The company has now paid the final installment four months ahead of schedule, officially ending the case.
“Red Granite paid its obligation to the government in full,” they said in a statement. “The company is pleased to put this matter behind it.”
Red Granite was accused of using more than $100 million embezzled from 1Mdb, a Malaysian development fund. The 1Mdb scandal led to the downfall of Malaysian Prime Minister Najib Razak, who was recently...
- 9/24/2018
- by Brent Lang and Gene Maddaus
- Variety - Film News
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