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Prosecutors want to settle Wolf of Wall Street suit

The court filing on Friday requesting the lifting of the stay order did not say whether prosecutors would now go ahead with a criminal probe

A construction worker walks past a 1Malaysia Development Berhad (1MDB) billboard in Kuala Lumpur. (Photo: Reuters)
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A construction worker walks past a 1Malaysia Development Berhad (1MDB) billboard in Kuala Lumpur. (Photo: Reuters)

Reuters Kuala Lumpur
The US Justice Department has asked a court to lift a stay on civil proceedings linked to a Malaysian fund at the centre of its biggest ever “kleptocracy” probe, so that a settlement can be reached with producers of the movie The Wolf of Wall Street.

In September, US prosecutors were granted a stay on dozens of civil lawsuits they filed in connection with $1.7 billion in assets allegedly bought with or funded by money stolen from 1Malaysia Development Berhad (1MDB), to make way for a criminal probe into the scandal-hit state fund.

The court filing on Friday requesting the lifting of