MACC freezes 30 Maple funds, company owned by FashionValet founders

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Corruption News

Fashionvalet,30 Maple,Frozen Accounts

SINGAPORE: There is no way to sugar-coat this: 2024 has been a bad year for restaurants in Singapore. Chefs and owners who were predicting a tough year have found the going worse than they had dreaded.

KUALA LUMPUR: The Malaysian Anti-Corruption Commission has frozen funds belonging to 30 Maple Sdn Bhd in its investigation into e-commerce platform FashionValet.

FashionValet probe: Suspicious transactions detected, possible fraud being investigated, says MACC chief MACC chief commissioner Tan Sri Azam Baki said investigations into the RM43.9mil losses suffered by Khazanah Nasional Bhd and Permodalan Nasional Bhd were ongoing.Sinar Harian reported Azam as saying during a press conference on Saturday at an event in conjunction with MACC's 57th anniversary celebrations."So far a total of 14 witnesses have had their statements recorded, with four more to be called.

"After that, everything is expected to be completed and will be submitted to the Deputy Public Prosecutor," he said.MACC reviewing, investigating cash flow received by FashionValet founders, says Azam BakiApec 2024: Anwar advocates for global south, non-traditional alliances for equitable growthTrailer driver arrested following fatal accident in Kluang

 

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MACC says started probed into Khazanah, PNB’s investment into FashionValet after RM43.9m lossKUALA LUMPUR, Nov 2 — The Malaysian Anti-Corruption Commission (MACC) has reportedly launched an investigation into Khazanah Nasional Berhad and Permodalan Nasional Berhad’s...
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