SINGAPORE (July 21): Malaysian businessman Low Taek Jho, also known as Jho Low, gambled away millions of dollars which he had misappropriated from Malaysian state development fund 1MDB at Las Vegas casinos, according to the US Department of Justice.

The details came to light as US Attorney General Loretta Lynch on Wednesday announced a civil action seeking the recovery of more than US$1 billion ($1.36 billion) worth of assets linked to a conspiracy to launder funds taken from 1Malaysia Development Berhad (1MDB).

US authorities also accused Red Granite Pictures of using US$100 million that was diverted from 1MDB to finance the film “The Wolf of Wall Street”. Red Granite is helmed by Riza Aziz, the step-son of Malaysia Prime Minister Najib Razak, who oversaw the 1MDB fund.

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