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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

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 ...

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First Published: Sat, March 03 2018. 21:51 IST