Leonardo DiCaprio has defended his new film The Wolf of Wall Street from controversy saying that it is not "condoning" the behaviour it portrays.

Directed by Martin Scorsese, the film is based on a book by Jordan Belfort which shows his sex and drug-filled life and his rise on Wall Street.

DiCaprio told Variety: "This film may be misunderstood by some; I hope people understand we're not condoning this behaviour, that we're indicting it.

"The book was a cautionary tale, and if you sit through the film, you'll realise what we're saying about these people and this world, because it's an intoxicating one."

He also praised Scorsese: "I think it’s amazing somebody like Martin Scorsese is still making films that are vital and talked about, and have an element of controversy about them and are appealing to people of my generation.

"We grew up watching his films and he’s still making stuff that’s punk rock. It’s an amazing achievement.”