Fund’s FashionValet setback must not stop it from original goal to help startups, they say

KUALA LUMPUR, Jan 22 — The founder of FashionValet Sdn Bhd, Datin Vivy Yusof, and her husband, Datuk Fadzarudin Shah Anuar, have been charged with the misappropriation of RM8 million from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), belonging to the company.

KUALA LUMPUR, Dec 31 — The Sessions Court here today allowed the application by FashionValet Sdn Bhd (FashionValet) founder Datin Vivy Yusof and her husband, Datuk Fadzarudin Shah Anuar, for a temporary release of their passports to enable them to perform the umrah.

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.

PUTRAJAYA, Nov 28 — The Malaysian Anti-Corruption Commission (MACC) has completed the investigation paper on the investments made by several government entities in the e-commerce platform FashionValet Sdn Bhd, said MACC chief Tan Sri Azam Baki.

KAJANG, Nov 16 — Investigation involving FashionValet Sdn Bhd (FashionValet) founding couple over the investment loss of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.

KUALA LUMPUR, Nov 14 — Methods to end bullying at Universiti Pertahanan Nasional Malaysia (UPNM) and the reasons behind FashionValet Sdn Bhd’s investment failure by Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) will be among the highlights of the Dewan Rakyat sitting today.

KUALA LUMPUR, Nov 12 — Findings from the internal audit and the Malaysian Anti-Corruption Commission (MACC) investigation into the RM43.9 million investment loss in FashionValet Sdn Bhd will be used to improve the governance of Khazanah Nasional Bhd.

PUTRAJAYA, Nov 11 — The Malaysian Anti-Corruption Commission (MACC) is reviewing and investigating the cash flow received by the founding couple of commerce platform FashionValet Sdn Bhd, said MACC chief commissioner Tan Sri Azam Baki.

PUTRAJAYA, Nov 8 — The Malaysian Anti-Corruption Commission (MACC) is currently looking into identifying assets, ownership and financial sources obtained by the founders of e-commerce platform FashionValet Sdn Bhd.

PUTRAJAYA, Nov 8 — The founding couple of FashionValet Sdn Bhd linked to investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) resumed giving statement to the Malaysian Anti-Corruption Commission (MACC) today.

PUTRAJAYA, Nov 7 — The Malaysian Anti-Corruption Commission (MACC) has found several suspicious transactions in an investigation into the RM43.9 million investment losses of FashionValet Sdn Bhd.

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.

KUALA LUMPUR, Nov 4 — MPs today proposed a rigorous and systematic rationalisation of statutory bodies, government-linked companies (GLCs), and government-linked investment companies (GLICs).

KUALA LUMPUR, Nov 2 — Prime Minister Datuk Seri Anwar Ibrahim has instructed sovereign wealth fund Khazanah Nasional Berhad to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

KUALA LUMPUR, Oct 29 — Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) received RM3.1 million from the sale of their shares in Fashion Valet Sdn Bhd (FashionValet), the Finance Ministry said on Monday.