Fashion Valet received close to RM40mil from Khazanah and PNB, court told
Bank officer also says that RM5 million each was credited to the bank accounts of company founders Vivy Yusof and her husband, Fadzarudin Shah Anuar.
On December 5, 2024, Vivy Yusof and Fadzarudin Shah Anuar appeared in court, jointly charged with CBT involving investment funds from Khazanah Nasional Bhd and Permodalan Nasional Bhd. The pair, directors of Fashion Valet Sdn Bhd, are accused of authorizing a RM8 million payment to 30 Maple Sdn Bhd without board approval on August 21, 2018.
The funds, totaling nearly RM40 million, were received by the company from Khazanah and PNB in 2018. Public Bank manager Tay Lay Hong testified that the company received RM7.848 million from Khazanah on March 23 and RM11.742 million from PNB on June 4. Additional RM5 million was credited to Vivy's and Fadzarudin's accounts on September 3, and the pair withdrew RM5.5 million each from their accounts on September 5. The trial, presided over by judge Rosli Ahmad, continues on November 3.
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- Fashion Valet terima hampir RM40 juta pelaburan Khazanah, PNB, mahkamah diberitahu freemalaysiatoday.com
- Fashion Valet received nearly RM40mil from Khazanah, PNB in 2018, court told nst.com.my
- Court hears RM40m in Khazanah, PNB investments paid into Fashion Valet accounts thevibes.com
- Fashion Valet received nearly RM40m from Khazanah, PNB in 2018, court told malaysiakini.com
