Khazanah transferred RM19 mil to FashionValet in two transactions, court told
Pix Shahril Badri
The Sessions Court in Kuala Lumpur heard that Khazanah Nasional Bhd made two separate fund transfers totaling RM19.6 million to FashionValet Sdn Bhd in March 2018. The first transfer of RM7.848 million was made on March 23, 2018, followed by a second transfer of RM11.742 million on March 26, 2018. Lee Hui Nee, a CIMB Bank branch manager, confirmed reviewing Khazanah's bank account statements and finding no other transactions to FashionValet between January 2017 and December 2019, apart from the two transactions on March 23 and 26, 2018.
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