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

📆 4/12/2024 7:12 pm
📰 malaymail

⏱ Reading Time:
18 sec. here
10 min. at publisher
📊 Quality Score:
News: 38%
Publisher: 86%

Business News

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.

Najib: ‘Only fools would believe’ I would risk my career to receive just US$20m as Malaysia’s most powerful person

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.

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:

Write Comment

Singapore Singapore Latest News, Singapore Singapore 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 »

MACC uncovers suspicious transactions in FashionValet's RM43.9m investment probePUTRAJAYA, Nov 8 — The Malaysian Anti-Corruption Commission (MACC) has found several suspicious transactions in an investigation into investment losses of RM43.9 million in...
Source: malaymail - 🏆 1. / 86 Read more »