Leonardo DiCaprio says Malaysian financier Jho Low had planned to donate to Obama’s 2012 campaign

Leonardo DiCaprio allegedly received a Picasso painting from financier Jho Low. PHOTOS: REUTERS, AFP

WASHINGTON – American actor Leonardo DiCaprio told a Washington jury on Monday that Malaysian financier Jho Low had revealed his plans to donate up to US$30 million to help then United States President Barack Obama’s 2012 re-election campaign, in what prosecutors allege was part of an illegal foreign-influence operation.

“It was a casual conversation about what party he was in support of,” DiCaprio said, telling jurors that Low said he planned on giving “a significant donation” to the Democratic Party “to the tune of US$20 million to US$30 million”.

“I basically said, ‘Wow, that’s a lot of money,’“ the actor added.

The Titanic (1997) star took the witness stand in the trial of Prakazrel “Pras” Michel of American hip-hop group Fugees, who faces criminal charges for his alleged role in a foreign-influence campaign aimed at the administrations of Mr Obama and fellow former president Donald Trump. Michel has denied the allegations.

DiCaprio is one of several prominent figures linked to Low, a fugitive who is facing separate federal criminal charges for allegedly embezzling US$4.5 billion from Malaysia’s 1MDB sovereign wealth fund.

The financier, who was known to pay Hollywood celebrities to party with him, supported DiCaprio’s charitable foundation and helped fund The Wolf Of Wall Street, the 2013 movie which earned the actor an Oscar nomination.

The US Justice Department in 2018 reached a civil settlement with the film’s production company, which forfeited US$60 million (S$79.56 million) believed to have been stolen from 1MDB.

Since then, DiCaprio has been cooperating with the US government.

He entered and left the courthouse on Monday without being spotted by news crews who had been staking out his arrival.

Prosecutors claim Michel had agreed to funnel money from Low into Mr Obama’s 2012 campaign and to hide the source of the funds. Federal election law prohibits foreigners from donating to US campaigns.

They allege that Michel later worked behind the scenes with others to try to persuade the Trump administration to stop investigating Low, and also acted as a foreign agent of China to persuade the administration to repatriate dissident Guo Wengui.

DiCaprio on Monday told jurors he has known Michel since at least the 1990s, when he met Fugees backstage.

The bulk of his testimony centred on his relationship with Low, who threw lavish parties on boats and at nightclubs that featured Hollywood stars.

DiCaprio said he had once flown on Low’s private jet with a large group on New Year’s Eve between Australia and Las Vegas, in what he said was Low’s goal of celebrating New Year’s twice in one night.

He drew laughter in the courtroom as Michel’s attorney asked him whether Low had achieved his objective.

“It depends on how you look at it,” DiCaprio said.

The actor said that when he first met Low around 2010, he had viewed the Malaysian financier as a “sort of a prodigy in the business world”.

He added that his own legal team, an external firm and the studios had conducted three separate due-diligence probes before reaching a deal with Low to finance The Wolf Of Wall Street.

“I was given a green light from my team, as well as the studios, to accept financing from Low,” he said. REUTERS

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