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'Wolf of Wall Street' Financier Red Granite Now Facing Malaysians in Racketeering Lawsuit
A putative class action alleges that Riza Aziz and Joey McFarland knew the company's money was derived from illegal activity.
Red Granite Pictures, currently under a cloud thanks to an ongoing federal investigation as well as asset forfeiture actions, will now be in court directly with Malaysian citizens.
On Thursday, a putative class action lawsuit was filed in New York federal court. Matthias Chang, a former political secretaryin the country, and Husa Musa, currently a state assembly member, is leading a racketeering lawsuit against Red Granite, its principles Riza Aziz and Joey McFarland, as well as others like Low Jho and Goldman Sachs Group being tied to the alleged misappropriation of assets once held by Malaysia's sovereign wealth fund, 1Malaysia Development Berdhard (1MDB).