Vivy Yusof, husband face CBT trial as court hears RM19.5m Khazanah transfers, director records
KUALA LUMPUR, Aug 18 — The Sessions Court today was told that Khazanah Nasional Berhad (Khazanah) made two transfe...
KUALA LUMPUR - In a criminal breach of trust trial involving RM19.5 million in Khazanah Nasional Berhad transfers, local fashion company Fashion Valet Sdn Bhd's directors Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar are facing charges. The transfers, totaling RM19,590,000, were made to Fashion Valet's Public Bank account in March 2018 through interbank transfers from Khazanah's CIMB account.
According to Menara KL Sentral branch manager Lee Hui Nee, the first transfer of RM7,848,000 was recorded on March 23 and the second of RM11,742,000 on March 26. Khazanah and PNB investment funds were allegedly misappropriated by the couple without board approval, making them jointly charged under Section 409 of the Penal Code, carrying up to 20 years imprisonment and a fine.
The trial against the couple, who pleaded not guilty to the alternative charge of misappropriating RM8 million of Fashion Valet's assets, will resume on October 16.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
