The Oscar-winning actor released a statement through his representatives today saying he will return any gifts or donations connected to a Malaysian wealth fund, pending a fraud investigation of that fund by the US and other countries.
Court filings in connection with the investigations allege a complex money laundering scheme intended to enrich top-level officials of the Malaysian government-controlled wealth fund.
"Both Mr. DiCaprio and (the Leonardo DiCaprio Foundation) continue to be entirely supportive of all efforts to assure that justice is done in this matter," the statement said.
The Justice Department says that at least USD 3.5 billion has been stolen from the wealth fund, known as 1MDB, by people close to Malaysian Prime Minister Najib Razak.
Najib created the fund in 2009 shortly after he took office to promote economic development projects in the Asian nation, but the fund accumulated billions in debts over the years.
The Justice Department has initiated action to seize USD 1.3 billion it says was taken from the fund to buy assets in the US, including luxury properties in New York and California, a USD 35 million jet, art by Vincent Van Gogh and Claude Monet, and financing of "The Wolf of Wall Street," according to federal government complaints filed in Los Angeles in July.
The Justice Department complaints also do not mention DiCaprio by name, but make an oblique reference to "Hollywood Actor 1," who during his Golden Globe acceptance speech thanked "the entire production team" and singled out several people close to Najib implicated in the scandal as "collaborators" on the film.
DiCaprio won the Golden Globe for his "Wolf of Wall Street" performance.
The Justice Department complaints identify the collaborators by name, including Najib's stepson, Riza Shahriz Abdul Aziz, who co-founded movie production company Red Granite Pictures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
