Swiss bank Julius Baer questioned over dealings with DiCaprio.
Environmental NGO Bruno Manser Fund (BMF) has questioned Swiss private banking group Julius Baer over its dealings with Hollywood actor Leonardo DiCaprio.
This came after BMF urged DiCaprio and his eponymous foundation to return all funds that they had supposedly received from those linked to the 1MDB scandal.
In a purported copy of a letter BMF wrote to Julius Baer, the NGO said DiCaprio and his foundation had apparently received money from those named in the US Department of Justice’s (DOJ) civil forfeiture suit on 1MDB in July.
These are Prime Minster Najib Abdul Razak’s stepson Riza Aziz, the Penang-born tycoon Low Taek Jho, also known as Jho Low, and Low’s associate Tan Kim Loong.
“We are concerned that, as a donor-advised fund, the Leonardo DiCaprio Foundation does not fulfil the usual transparency standards for environmental and human rights charities.
“In particular, we are concerned that Mr DiCaprio and the Leonardo DiCaprio Foundation apparently have received significant amounts of money from politically exposed persons from Malaysia […]” read the letter dated Sept 1.
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