'The Wolf of Wall Street' producers to pay $60m in lawsuit settlement

Red Granite Pictures, the production company behind Leonardo DiCaprio's "The Wolf of the Wall Street", has agreed to pay USD 60 million to the US government in order to settle the claims that the banner benefited from a massive Malaysian corruption scandal.
The settlement between the company, which was co-founded by a stepson of Malaysian Prime Minister Najib Razak, and the US Justice Department also covers forfeiture claims against the producer's rights and interests in two other films, "Daddy's Home" and "Dumb and Dumber To", Variety reported.
According to a filing in a California court, the company denies any wrongdoing.

"We are glad to finally put this matter behind us and look forward to refocusing all of our attention back on our film business," a statement issued by the Red Granite Pictures on the filing read.
US prosecutors, who had filed a civil asset forfeiture action against the production house in July 2016, had claimed the three films were financed using money misappropriated from 1Malaysia Development Berhad (1MDB), a state fund founded in 2009 by Razak.
Financier Low Taek Jho, also known as Jho Lo and a close friend of Razak's son-in-law Raza Aziz, is accused of siphoning off USD 4.5 billion from the fund.

The company must pay the USD 60 million forfeiture in three installments: USD 30 million within the first 30 days, USD 20 million 180 days after the first payment, and the rest USD 10 million 180 days after that.