KUALA LUMPUR – FashionValet Sdn Bhd (FashionValet) founder, Datin Vivy Sofinas Yusof, and her husband, Datuk Fadzarudin Shah Anuar, have pledged their full cooperation with the ongoing investigation into the Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB) investment funds.
In a joint statement posted on Instagram, Vivy and Fadzarudin said they were unable to discuss the case but expressed confidence that the judicial system would resolve the matter, ultimately clearing their names.
“First of all, we would like to thank everyone for your support and kindness during this time.
“We need time to process what has happened and how the situation has unfolded.
“After a month-long investigation by MACC (Malaysian Anti-Corruption Commission), we were informed on Thursday about the allegations against us concerning transactions from 2018,” they said in the statement.
On Thursday, Vivy and Fadzarudin pleaded not guilty at the Kuala Lumpur Sessions Court to charges of criminal breach of trust involving Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB) investment funds totalling RM8 million six years ago.
Vivy, 37, and Fadzarudin, 36, are accused of transferring the funds from FashionValet Sdn Bhd’s bank account to 30 Maple Sdn Bhd without the approval of the board of directors of the e-commerce platform.
The alleged offence is said to have taken place at the Bukit Damansara branch of Public Bank Berhad, 36-40 Medan Setia 2, Plaza Damansara, on August 21, 2018.
The case is set to be heard again on January 22, next year.
They are also reportedly facing alternative charges related to the Khazanah and PNB investment funds.
In a written reply in Parliament, the Finance Ministry previously revealed that Khazanah and PNB sold their RM47 million stake for just RM3.1 million, sparking public outrage as it involved public funds.
According to the ministry, the sale was a ‘responsible exit’ by Khazanah and PNB from FashionValet to a strategic investor.
The loss from the sale of the FashionValet shares is negligible compared to the total income generated by Khazanah and PNB in the relevant year, the ministry said.
In closing, Vivy and Fadzarudin expressed hope that things would return to normal, especially for the sake of their loved ones.
“Thank you once again to everyone who has helped us and sent kind messages and prayers. May God bless your kindness,” they said. – December 7, 2024