Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar, the founder and her husband of FashionValet Sdn Bhd, have been charged with misappropriating RM8 million from Khazanah Nasional Berhad and Permodalan Nasional Berhad. They pleaded not guilty to the charges and were granted bail of RM100,000 each with one surety.
: The founder of FashionValet Sdn Bhd, Datin Vivy Yusof, and her husband, Datuk Fadzarudin Shah Anuar, have been charged with the misappropriation of RM8 million from Khazanah Nasional Berhad and Permodalan Nasional Berhad , belonging to the company.
Addressing the issue of bail, deputy public prosecutor Haresh Prakash Somiah requested the court to apply the same sum as in previous proceedings, which was RM100,000 for each accused, with one surety. Earlier, Haresh had informed the court that during the previous proceedings, the prosecution had notified the court of its intention to file an alternative charge under Section 403 of the Penal Code for misappropriation of funds.
They were jointly accused, in their capacity as FashionValet directors, of misappropriating Khazanah and PNB’s entrusted funds by transferring RM8 million from the company account to 30 Maple Sdn Bhd without the board of directors’ approval.
MISAPPROPRIATION FASHIONVALET KHAZANAH PNB MALAYSIA
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