Friday, September 2, 2016

Falcon Bank provided USD 50 million to finance Wolf Of Wall Street-Did the Government of Malaysia provide guarantees,over and above funds stolen from 1MDB

by Ganesh Sahathevan

This advertisement used to appear of the website of the US law firm  Manatt, Phelps & Phillips,LLP (Manatt).


Lindsay Conner



Partner

Entertainment and Media





Sophia K. Yen























Manatt represented Zurich-based Falcon Private Bank in negotiating and documenting a $50 million production loan for The Wolf of Wall Street. Produced by Red Granite Pictures, directed by Martin Scorsese and starring Leonardo DiCaprio, it was the most expensive independent film in 2012.
ClientFalcon Private Bank
Service TypeCross Border, Entertainment Finance
IndustryEntertainment & Media, Motion Picture / TV / Radio,
Financial & Insurance Services, Domestic Depository Institution (Bank)
OfficeLos Angeles

It has since disappeared, but the transaction does raise the question:How did Red Granite secure the loan.Was there a Malaysian Government guarantee or some other form of security, in addition to that which was stolen from 1 MDB. Worth noting that before Red Granite and the Wolf Of Wall Street came to the attention of the general public in Malaysia and elsewhere in late 2013, there was already talk in Kuala Lumpur that the Malaysian Government was funding the movie producing adventures of Prime Minister Najib's step son.
END



See also 

Falcon Bank in breach of US Non-Prosecution Agreement: Swiss AG says quantum of related transactions is USD 4 billion,while Singapore MOF,MAS, remain silent

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