Art & Culture

1MDB linked to financing 'Wolf of Wall Street': Report

Leonardo DiCaprio in "The Wolf of Wall Street"
Source: The Wolf of Wall Street

Most of the financing for the Leonardo DiCaprio movie "Wolf of Wall Street" originated from the troubled Malaysian state development fund 1MDB, investigators have told The Wall Street Journal.

Global investigators have told the WSJ that they believe much of the $100 million budget to make the movie came from a company called Red Granite Pictures, which is tied up with the wider scandal at the Malaysian fund.

Jordan Belfort and Leonardo DiCaprio
An interview with the real 'Wolf of Wall Street'
Who’s afraid of the 'Wolf of Wall Street?'

1Malaysia Development Bhd., or 1MDB, was set up seven years ago by the prime minister of Malaysia, Najib Razak. His stepson, Riza Aziz, is the chairman of Red Granite Pictures, the WSJ reports.

Investigators have told the WSJ that $155 million was moved from 1MDB into Red Granite in 2012 via offshore shell companies.

The 1MDB fund is now being investigated over how some of its money was used.

Red Granite Pictures had not replied to CNBC's requests for comment by the time this article was published.

You can read the full WSJ story here.

CNBC is part of NBC Universal, the distributor for "Wolf of Wall Street" across Europe.