MDB Red Granite Pictures

Low Taek Jho: Instead, it originated with 1MDB, a Malaysian state fund meant to boost local economic development, according to The Guardian. Related:Rogue trading: The Wolf of Wall Street named most pirated film of 2014 1MDB, the Journal reported, passed the money to Red Granite Pictures, a Hollywood production company controlled by Riza Aziz, stepson of the prime minister of Malaysia, Najib Razak, who set up 1MDB seven years ago. 1MDB also appears to be behind the lavish lifestyle of Low Taek Jho, known as Jho Low, a notorious New York party boy and friend of Aziz. According to the Journal, FBI investigators believe much of the cash used to make the Leonardo DiCaprio-starring film was never intended for the movie business. Jho Low, 34, made his reputation buying multimillion-dollar properties in New York and Los Angeles and bidding on fine art – he is widely believed to have bought Picasso Women of Algiers last May, for $179m – while enjoying the limelight alongside celebrities such as DiCaprio and Paris Hilton. In 2013, the year The Wolf of Wall Street was released, at least $681m, money the Malaysian government said was a gift from the Saudi royal family, landed in the personal bank accounts of Razak. Because Goldman Sachs was involved in the setting up and administration of 1MDB, the scandal is swirling closer to the investment banking giant. (news.financializer.com). As reported in the news.