PETALING JAYA: The production company behind Hollywood film Crazy Rich Asians has acquired the film rights to the book Billion Dollar Whale, a tell-all tale on fugitive Malaysian financier Jho Low.
Billion Dollar Whale co-author Tom Wright (pic) shared the announcement on his Twitter account, just three days after revealing to the media on Tuesday (Sept 25) that they were negotiating a movie deal.
"Very excited to announce: SK Global company, coming off of the massive global hit Crazy Rich Asians, has acquired film rights to New York Times bestseller Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World," tweeted Wright on Friday (Sept 28).
Ivanhoe Pictures, an SK Global Company, also announced that the movie will be produced by Crazy Rich Asians star Tan Sri Michelle Yeoh in her new deal with the company.
"While certainly a daring work of investigative journalism, the narrative tread and eclectic characters that they so diligently chronicle make the book read like a thrilling and engrossing novel," SK Global president John Penotti said in a statement.
Describing Jho Low as a "modern-day Gatsby", Wright said they were thrilled to bring Low's "incredible story" to the screen.
The book Billion Dollar Whale describes how Malaysian Jho Low, whose real name is Low Taek Jho, has been accused by the US government of masterminding the theft of billions of dollars from the Malaysian state-owned investment fund 1MDB, which was sent to bank accounts in Switzerland, Singapore and the Virgin Islands.
Meanwhile, Sarawak Report editor Clare Rewcastle Brown has accused Wright, whom she claims had received sensitive 1MDB documents from a Sarawak Report source without crediting the whistleblower website despite promises to do so.
"That is not the only pledge he broke. He also said he would continue to contact the source through Sarawak Report, and not attempt to go behind Sarawak Report's back," she claimed in a blogpost on Tuesday (Sept 25).
Rewcastle Brown also revealed plans to option her book "The Sarawak Report: The Inside Story of the 1MDB Expose" for a movie.
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