1MDB withdraws US$248m lawsuit against Riza, Red Granite Pictures

1MDB has reportedly withdrawn its US$248 million civil suit against Najib Abdul Razak’s stepson Riza Shahriz Abdul Aziz and his company Red Granite, during proceedings at the Kuala Lumpur High Court today.
The Edge reported that 1MDB lead counsel Rabindra S Nathan of Messrs Shearn Delamore told the court he had received instructions…