The founder of FashionValet Sdn Bhd, Datin Vivy Yusof, and her husband, Datuk Fadzarudin Shah Anuar, have been charged with the misappropriation of RM8mil from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), belonging to the company.
Vivy Yusof, 37,and Fadzarudin, 36, pleaded not guilty after the alternative charges were read out before Kuala Lumpur Sessions Court Judge Rosli Ahmad on Wednesday (Jan 22).
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Vivy Yusof, 37,and Fadzarudin, 36, pleaded not guilty after the alternative charges were read out before Kuala Lumpur Sessions Court Judge Rosli Ahmad on Wednesday (Jan 22).
Read more at https://tinyurl.com/3kz4k7j6
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00The founder of fashion valet Sendirian Berhad, Datin Vivi Yusof, and her husband, Datuk Fadzaruddin Shah Anuar,
00:07have been charged with the misappropriation of 8 million ringgit from Kazana National Berhad,
00:13or Kazana and Permodalan National Berhad, or PNB, belonging to the company.
00:1837-year-old Vivi Yusof and 36-year-old Fadzaruddin, both pleaded not guilty after the alternative charges
00:26were read out before Sessions Court Judge Rosli Ahmad on Wednesday.
00:31They are accused of jointly and dishonestly misappropriating 8 million ringgit of Fashion Valet's investment funds
00:37from Kazana and PNB at Public Bank Berhad in Bukit Damansara on August 21, 2018.
00:45They were charged under Section 403 of the Penal Code,
00:49which provides for a maximum jail term of between six months and five years,
00:54along with caning and a fine upon conviction.
00:57Deputy Public Prosecutor Haresh Prakash Somaya requested the court to apply the same sum as in previous proceedings,
01:05which was 100,000 ringgit for each accused, with one surety.
01:09The couple's lawyer, Ashok Atimulan, raised no objections,
01:13after which the court confirmed the same bail conditions and scheduled the next mention for March 10.
01:19On December 5 last year, Vivi Yusof and Fadzaruddin pleaded not guilty to charges of criminal breach of trust
01:26involving 8 million ringgit of Kazana and PNB investment funds.