Ex-Goldman banker Leissner ordered to surrender US$44 million, Celsius shares

A US court yesterday ordered former Goldman Sachs banker Tim Leissner to surrender US$43.7 million (RM643.2 million) cash and 3.3 million shares in energy drink company Celsius Holdings over his role in the defrauding of Malaysian sovereign fund 1MDB, Bloomberg reports.

The former head of the investment bank’s Southeast Asia division had pleaded guilty in 2018 to charges of money laundering and bribery. He was accused of conspiring to steal from 1MDB and receiving more than US$60 million in kickbacks.