Selangor Journal
FashionValet Sdn Bhd founders Datin Vivy Yusof (right) and her husband Datuk Fadzarudin Shah Anuar (left), linked to investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), arrive at the Sessions Court, Kuala Lumpur, on December 5, 2024. — Picture by BERNAMA

Vivy Yusof, husband claim trial to CBT involving RM8 mln

KUALA LUMPUR, Dec 5 — FashionValet Sdn Bhd (FashionValet) founders Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar were charged in the Sessions Court here today with criminal breach of trust involving RM8 million in investment funds belonging to Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB) six years ago.

Vivy Yusof, whose full name is Vivy Sofinas Yusof, 37, and Fadzarudin, 36, pleaded not guilty when the charge was read out to them before Judge Rosli Ahmad.

The married couple, as directors of FashionValet Sdn Bhd, is accused of having the common intention to commit criminal breach of trust over Khazanah and PNB investment funds entrusted to them by making a payment of RM8 million from the bank account of FashionValet Sdn Bhd to 30 Maple Sdn Bhd without the approval of FashionValet’s board of directors.

The offence was allegedly committed at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara Bukit Damansara here, on Aug 21, 2018.

The charge, framed under Section 409 of the Penal Code read together with Section 34 of the same Code, provides for a minimum sentence of two years and a maximum of 20 years in jail, whipping, and a fine, upon conviction.

Rosli allowed each of them bail of RM100,000 in one surety and required the couple to report to the Malaysian Anti-Corruption Commission (MACC) office here on the first week of every month.

“Both accused must also surrender their passports to the court and are barred from harassing or influencing witnesses in this case until the matter is resolved,” said the judge, who also set January 22 next year for mention.

Earlier, Deputy Public Prosecutor Datuk Wan Shaharuddin Wan Ladin said that the offence was non-bailable but noted that both accused had cooperated well with the MACC.

“Therefore, the prosecution proposes bail between RM100,000 and RM200,000 with one surety for each accused to ensure their attendance in court. This amount is very reasonable given the seriousness of this case.

“We also propose additional conditions in this case, namely requiring both accused to report to the MACC headquarters in Putrajaya once a month and surrender their passports to the court. This is due to the severity of the offence and the potential flight risk. They may apply for a temporary (release of) passport at any time with reasonable grounds.”

— Bernama

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