Leonardo DiCaprio hands over Brando’s Oscar, other artefacts to US govt

Leonardo DiCaprio has returned Marlon Brando's best actor Oscar statuette to the US government as part of an investigation into the money laundering by a state-owned Malaysian investment fund. DiCaprio received Brando's Oscar and other artefacts as his 38th birthday gift.

By: PTI | Los Angeles | Updated: June 17, 2017 9:57 pm
Leonardo DiCaprio, Leonardo DiCaprio Picasso painting, leo dicaprio malaysia funds, malaysia funds probe, US malaysia, 1MDB, 1Malaysia Development Berhad, latest news, latest world news FILE PHOTO: U.S. actor Leonardo DiCaprio looks on prior to speaking on stage during the Paris premiere of the documentary film “Before the Flood” at the Theatre du Chatelet in Paris, France on October 17, 2016. REUTERS/Christophe Archambault/Pool/File Photo TPX IMAGES OF THE DAY

Hollywood star Leonardo DiCaprio has returned Marlon Brando’s best actor Oscar statuette to the US government as part of an investigation into the money laundering by a state-owned Malaysian investment fund. DiCaprio received Brando’s Oscar and other artefacts as his 38th birthday gift in 2012 from business associates at Red Granite Pictures, which also funded his film Wolf of Wall Street.

The 42-year-old actor has voluntarily handed over the Oscar statuette and other expensive gifts amid an investigation into a USD 3.5-billion money-laundering scheme. Authorities from the US Department of Justice suspect that Red Granite co-founder Riza Aziz may have helped his stepfather, Malaysian Prime Minister Najib Razak, embezzle USD4.5 billion from a political development scheme, reported LosAngeles Times. The misappropriated funds were used to form the production company that funded the Martin Scorsese-directed movie, about a corrupt stockbroker. The laundered money was used to fund a lavish lifestyle, acquisitions including purchases of artwork and acquisition of luxury real estate and luxury yachts, the payment ofgambling expenses, and the hiring of musicians and celebritiesto attend parties. The multi-million-dollar artworks in question include a Picasso painting, a photograph by Diane Arbus and a Jean- Michel Basquiat

The multi-million-dollar artworks in question include a Picasso painting, a photograph by Diane Arbus and a Jean- Michel Basquiat collage, which were supposedly gifted to DiCaprio by Jho Low, Red Granite’s purported financier. The actor had accepted the art with the intention ofauctioning off the pieces to raise money for his charitable foundation, according to his spokesperson said. DiCaprio has already given the art and the Oscar to US authorities, the spokesperson added. And though there are no plans at this time for DiCaprio to forfeit the money he received for his work on “The Wolf ofWall Street,” his spokesperson noted that the actor intends

DiCaprio has already given the art and the Oscar to US authorities, the spokesperson added. And though there are no plans at this time for DiCaprio to forfeit the money he received for his work on “The Wolf ofWall Street,” his spokesperson noted that the actor intends tooffer the return of any “gifts or donations” under speculationwith “the aid and instruction of the government.”

Video of the day

For all the latest Entertainment News, download Indian Express App

    Live Cricket Scores & Results