1MDB scandal: Malaysia drops money laundering charges against Najib Razak’s stepson Riza Aziz
- ‘The Wolf of Wall Street’ producer was discharged not amounting to acquittal after he agreed to a US$107.3 million settlement with the government
- Riza had been accused of receiving US$248.17 million in illegal proceeds that came from 1MDB
But a judge agreed to give Riza a discharge not amounting to an acquittal – meaning the charges have been dropped – after he agreed a settlement with the government, prosecutor Ahmad Akram Gharib said.
As part of the deal, the government is set to recover US$107.3 million of overseas assets involved in the case and Riza is required to pay a compound, according to the Malaysian Anti-Corruption Commission.
“If there is satisfactory completion of the agreement then appropriate steps will be taken to ensure that the accused obtains a full acquittal,” the prosecution team said in an earlier statement. Otherwise, prosecutors have the right to reinstate the charges.
The agreement between Riza and the prosecution was agreed by former Attorney General Tommy Thomas, the anti-graft agency said in an emailed statement.