(May 6): Kimora Lee, the former model and ex-wife of former Goldman Sachs Group Inc banker Tim Leissner, is claiming shares worth around US$93 million (RM413 million) that he was ordered to forfeit as part of his 1Malaysia Development Bhd (1MDB) guilty plea actually belong to her. She claims she purchased those shares with money she earned from her modelling and Baby Phat clothing line, and they were wrongly included in a March order requiring Leissner to surrender more than 3.3 million Celsius shares. “Lee has established that she is a bona fide purchaser for value of the Celsius shares,” she said in the filing. “Leissner did not contribute any funds to the purchase of the Celsius shares and did not own the Celsius shares. According to the suit, Leissner pocketed Ng’s original US$1.25 million investment in Celsius, which has since grown in value enormously.

Source: The Edge Markets May 06, 2023 10:31 UTC