Leonardo Dicaprio returns his Oscar Trophy

Leonardo Dicaprio returns his Oscar Trophy

Leonardo DiCaprio has handed over Marlon Brando's Oscar statuette and other gifts he received from a production company now under investigation for a multibillion dollar embezzlement scheme involving one of his movies, the Los Angeles Times reported Friday.

US authorities said Thursday they are seeking the forfeiture of Red Granite Pictures' interest in two other movies produced by the company - "Dumb and Dumber To" and "Daddy's Home".

However, the actor has now voluntarily offered the Oscar to officers investigating the case, as well as other expensive gifts as U.S. officials investigate a potential $3.5 billion money laundering project.

In a new filing on Thursday, the U.S. Department of Justice moved to seize artwork by Picasso and Basquiat that it said had been purchased with laundered Malaysian money and gifted to DiCaprio by associates of Red Granite. It is thought that the pair embezzled $4.5 billion from a political development to form and fund the production company, as well as fund the hit movie - about corrupt bankers.

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DiCaprio has also initiated the return of other, unidentified items that the actor said he accepted as gifts for a charity auction and which originated from people connected to the 1MDB wealth fund, they said in a statement.

It is also believed that the laundered money was used for purchases of artwork and jewellery, purchase of luxury real estate and luxury yachts, paying of gambling debts and in other venues. 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". DiCaprio has already given the art and the Oscar to USA authorities, the spokesperson added. The spokesperson also said that the actor is ready to return any gifts or donations that are required by the United States government.

Part of this money was apparently used to bankroll the film The Wolf of Wall Street, which DiCaprio starred in, and buy lavish presents for the actor like works of art from Picasso and Basquiat.

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