FashionValet Founders Face Charges Over RM43.9M Government Investment Losses

📆 05/12/2024 03:18:00
📰 malaymail

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Fashionvalet,Datin Vivy Yusof,Datuk Fadzarudin Shah Anuar

FashionValet's founders, Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar, are set to face charges today related to significant investment losses by Khazanah Nasional Bhd and Permodalan Nasional Bhd. The Malaysian Anti-Corruption Commission completed its investigation on Nov 28.

FashionValet founders Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar are scheduled to face charges today at the Sessions Court in Kuala Lumpur. The couple is linked to investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd amounting to RM43.9 million. The Malaysian Anti-Corruption Commission concluded its investigation on Nov 28 into investments made by government entities in FashionValet.

Prime Minister Datuk Seri Anwar Ibrahim instructed Khazanah to conduct an internal audit following the losses

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MACC grills FashionValet founders for sixth day running over RM43.9m investment loss probePUTRAJAYA, Nov 13 — The founding couple of FashionValet Sdn Bhd, linked to the investment loss of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), continued...
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