KUALA LUMPUR, Malaysia — The Hollywood producer Riza Aziz, stepson of the former Malaysian prime minister Najib Razak, pleaded not guilty on Friday to five counts of laundering money misappropriated from a Malaysian government investment fund.

Mr. Riza, whose Red Granite Pictures produced the Oscar-nominated film “The Wolf of Wall Street,” was accused of receiving more than $248 million that was taken from the fund overseen by his stepfather.

The money was transferred from accounts in Switzerland to a Red Granite bank account Mr. Riza controlled in amounts from $1.2 million to $133 million, according to the charges against him.

Mr. Riza, appearing in a courtroom crowded with reporters, was released on bail of about $240,000.

Each charge can be punished by up to five years in prison, but judges in Malaysia almost always impose concurrent sentences, not consecutive.