Investment losses in FashionValet: MACC spot suspicious transactions

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PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has found several suspicious transactions in an investigation into investment losses of RM4...

The Malaysian Anti-Corruption Commission has found several suspicious transactions in an investigation into investment losses of RM43.9 million in FashionValet Sdn Bhd .

He said the matter was discovered after the department confiscated about 60 boxes of financial documents from FashionValet, Khazanah Nasional Bhd and Permodalan Nasional Bhd . Azam said the couple were not detained at the moment and gave their full cooperation to MACC when their statements were recorded throughout the investigations that entered its third day yesterday.

“A special report will be made by the Forensic Accounting Division to the Investigation Division and we are also in the verification stage on the ownership of the of the couple. They need to give their cooperation to identify items that were shown previously on social media,“ he said.

 

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