1MDB suit: Riza Shahriz spent US$248mil on real estate, gambling


KUALA LUMPUR: The High Court here was told that Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Tun Razak, used US$248mil to pay for several purchases, including gambling expenses.

In 1Malaysia Development Berhad (1MDB) 's opening statement obtained by the media on Thursday (Oct 17), the company and its three subsidiaries stated that Riza Shahriz and his associates also spent the money on real estate, movie memorabilia, and to fund Red Granite Pictures motion pictures.

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Court , Riza Shahriz , 1MDB , Suit , Opening Statement

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