Selangor Journal
The FashionValet logo displayed during a tea party in Dubai, the United Arab Emirates, on April 18, 2018. — Picture via FACEBOOK/FASHIONVALET.COM

MACC freezes FashionValet founders’ bank accounts

PUTRAJAYA, Nov 7 — The Malaysian Anti-Corruption Commission (MACC) has frozen several personal and company bank accounts, valued at around RM1.1 million, belonging to the founders of the FashionValet e-commerce platform.

According to sources, the freeze is part of an investigation by MACC into the married couple, on investment losses amounting to RM43.9 million by Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB).

The sources said that on Monday, MACC simultaneously “raided” FashionValet Sdn Bhd, the Finance Ministry, Khazanah and PNB, obtaining financial documents to aid the investigation.

“Since the investigation began, MACC, through ‘Op Favish,’ has frozen approximately 11 personal accounts and six company accounts under the couple’s management, amounting to around RM1.1 million, to assist in the investigation.

“Additionally, MACC has recorded statements from several key individuals, including senior officials from Khazanah, PNB, FashionValet, accountants, company valuers and introducers,” said a source.

According to the sources, the commission also searched the couple’s residence in Mont Kiara, Kuala Lumpur, yesterday.

The couple was said to have arrived at the MACC office at around 1pm to give their statements before being taken to their residence at 5.30pm for the search.

The sources said the search was conducted by 12 MACC officers, in the presence of the couple’s lawyer.

“The search concluded around 8pm, with the seizure of items including 11 handbags and a luxury watch, worth an estimated RM200,000,” the source said.

When contacted, MACC chief commissioner Tan Sri Azam Baki confirmed the freeze and search, and said the case is being investigated under Section 18 of the MACC Act 2009.

He added that the couple will return to MACC at 10am today to continue giving their statements.

— Bernama

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