FashionValet Founders Set to Face Court Over RM43.9m Investment Losses

📆 04/12/2024 19.12.00
📰 malaymail

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Business Berita

Fashionvalet,Vivy Yusof,Fadzaruddin Shah Anuar

Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar, the founders of FashionValet, are expected to be charged in court on December 5, 2024, in connection with investment losses of RM43.9 million involving government-linked companies Khazanah and PNB. The Malaysian Anti-Corruption Commission (MACC) has confirmed their court action following the investigation.

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PAS MP Siti Mastura, sued for defamation over Chin Peng and Kuan Yew link, told to pay RM825,000 to Kit Siang, Guan Eng and Teresa Kok The charges are believed related to the investment losses of government-linked investment companies Khazanah Nasional Berhad and Permodalan Nasional Berhad in FashionValet, totalling RM43.9 million.

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