The founder of e-commerce platform FashionValet, Datin Vivy Yusof, and her husband, Datuk Fadzarudin Shah Anuar, who are facing criminal breach of trust charges involving RM8 million in investment funds from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), were granted temporary release of their passports by the Sessions Court in Kuala Lumpur on Tuesday (Dec 31).
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NewsTranscript
00:00The founder of e-commerce platform Fashionvalet, Datin Vivi Yusuf and her husband, Datuk Fadzaruddin
00:09Shah Anuar, facing charges of criminal breach of trust involving 8 million ringgit in investment
00:15funds from Kazana National Berhad, Kazana, and Permodalan National Berhad, PNB, applied
00:22for the temporary release of their passports in the Sessions Court in Kuala Lumpur on Tuesday.
00:2837-year-old Vivi, whose full name is Vivi Sofinas Yusuf, and 36-year-old Fadzaruddin
00:35applied to perform the Umrah pilgrimage on Sunday, January 5, and are scheduled to return
00:40to Malaysia on January 14.
00:42Deputy Public Prosecutor Datuk Wan Shaharuddin Wan Ladin confirmed that the prosecution had
00:48no objections to the request, provided the passports are returned to the court before
00:53the next mentioned date on January 22.
00:57Judge Rosli Ahmad granted the application, ordering the passports to be returned to the
01:02court by January 15.
01:05The couple is accused of misusing 8 million ringgit from investment funds entrusted to
01:09them as agents and directors of Fashionvalet Sendirian Berhad.
01:14They allegedly transferred the money from the company's bank account to 30 Maple Sendirian
01:20Berhad without the approval of the Board of Directors.
01:24The offence reportedly took place on August 21, 2018, at Public Bank Berhad's Bukit Damansara
01:31branch.
01:33The charges are framed under Section 409 of the Penal Code, read together with Section
01:3734, which provides for imprisonment of between 2 and 20 years, whipping and a fine upon conviction.
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