News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 6 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 86%

Business And Law News

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: malaymail - 🏆 1. / 86 Read more »