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Under an agreement reached with federal prosecutors in March, Red Granite had promised to make the forfeiture payment in three instalments: US$30 million within 30 days, US$20 million within the next 180 days, and the final US$10 million within 180 days after that.
However, the company did not admit to any wrongdoing under the deal.
According to Variety, the company has paid the final instalment some four months ahead of schedule.
“Red Granite paid its obligation to the government in full. The company is pleased to put this matter behind it,” the company was quoted as saying in a statement.
The report also quoted an industry source who said Red Granite had borrowed from Brevet Capital to finance the settlement.
The source said the funds would be returned to the Malaysian government once “certain processing fees” are paid.
The civil asset forfeiture action was filed against the company by US prosecutors in July 2016 as part of broader efforts to recoup more than US$1 billion allegedly embezzled from 1MDB.
The US Department of Justice accused businessman Low Taek Jho, better known as Jho Low, of masterminding a scheme to steal US$4.5 billion from the fund. Red Granite CEO Riza Aziz, the stepson of former prime minister Najib Razak, is said to be a close friend of Jho Low.
US prosecutors alleged that money taken from 1MDB was used to finance “The Wolf of Wall Street”, “Dumb and Dumber To” and “Daddy’s Home”.
1MDB, however, said no money was missing and denied any wrongdoing.
Riza, who co-founded Red Granite, was grilled by the Malaysian Anti-Corruption Commission (MACC) over several days in July.
His mother Rosmah Mansor has also been questioned by MACC, while his stepfather Najib has been slapped with 32 charges of money laundering, abuse of power and criminal breach of trust related to 1MDB.
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