Khazanah and PNB channelled nearly RM40m into FashionValet in 2018, court hears in Vivy Yusof trial

The Sessions Court in Kuala Lumpur was informed that Fashion Valet Sdn Bhd received close to RM40 million in investment funds from Khazanah Nasional Berhad and Permodalan Nasional Berhad in 2018.

The case involves the company's founders, Datin Vivy Sofinas Yusof and Datuk Fadzarudin Shah Anuar, charged with criminal breach of trust.

It is alleged they authorized unauthorized payments totaling RM8 million to 30 Maple Sdn Bhd without board approval.

The charges, under Sections 409 and 403 of the Penal Code, carry significant penalties, and the trial will continue on November 3.

KUALA LUMPUR, Oct 16 — The Sessions Court here was told today that local fashion company, Fashion Valet Sdn Bhd (Fashion Valet), received investment funds totalling nearly RM40 million from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB) eight years ago.

Tay Lay Hong, 54, a banking services manager at the Bukit Damansara branch of Public Bank, said the funds were deposited into a Public Bank account belonging to Fashion Valet through four separate transactions between March and December 2018.

“A review of Fashion Valet’s bank account statements revealed that Khazanah transferred RM7,848,000 on March 23, 2018, and RM11,742,000 on March 26, 2018, while PNB recorded transfers of RM11,953,500 on June 4, 2018, and RM8,364,996 on December 20, 2018,” she said.

The fifth prosecution witness said this in her witness testimony during the trial of Fashion Valet founders Datin Vivy Sofinas Yusof and her husband, Datuk Fadzarudin Shah Anuar, who are facing charges of criminal breach of trust involving RM8 million in investment funds from Khazanah and PNB.

Tay also confirmed that a sum of RM11 million was withdrawn from Fashion Valet’s bank account on August 21, 2018, via an online ‘bulk payment’ transaction.

“This money transfer transaction, amounting to RM11 million, falls under a category of payments requiring verification specifically, approval from an ‘authorised person’ for the Public Bank account held in the name of Fashion Valet Sdn Bhd. However, I am not certain who the authorised person for online banking was.

“To my knowledge, the appointment of an authorised person is based on a Directors’ Resolution; typically, the authorised signatory is the same individual as the authorised person for online banking,” said Tay.

Furthermore, Tay who began her tenure with Public Bank in 1993 said a review of Fadzarudin Shah’s bank statements revealed an incoming transaction of RM5 million on September 4, 2018, from the company 30 Maple Sdn Bhd, with the reference “Interim Dividend”.

“I also reviewed the bank statements for the account held in the name of Vivy Sofinas Yusof, which showed an incoming transaction of RM5 million from 30 Maple Sdn Bhd on September 3, 2018, with the reference ‘CIMB Rentas’,” the witness testified.

According to Tay, a sum of RM5.5 million was withdrawn from each of the couple’s personal accounts at a Public Bank counter on September 5, 2018.

During cross-examination by lawyer Datuk M. Athimulan, the witness confirmed that all information contained in her witness statement was based on documentation, including bank statements.

Additionally, Tay agreed that the RM11 million withdrawn from the Fashion Valet bank account did not necessarily mean the funds were transferred into a single personal account; rather, it involved a ‘bulk’ [transaction]......the ‘payment’ was for items such as staff salaries, shop rental, and so forth.

Vivy, 38, and Fadzarudin, 37, are charged acting with common intention in their capacity as directors of Fashion Valet with criminal breach of trust involving investment funds from Khazanah and PNB. They allegedly authorised payments totalling RM8 million from a Fashion Valet corporate bank account to a company called 30 Maple, without the approval of the Fashion Valet Board of Directors.

The offence was allegedly committed at the Public Bank Berhad branch in Bukit Damansara (located at 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara) on August 21, 2018 under Section 409 of the Penal Code, read in conjunction with Section 34 of the same Code; if convicted, this carries a penalty of imprisonment for a term of not less than two years and up to 20 years, along with whipping and a potential fine.

They also pleaded not guilty to an alternative charge: acting with common intention to dishonestly misappropriate property belonging to Fashion Valet specifically, the RM8 million in investment funds from Khazanah and PNB at the same location and on the same date.

The couple is charged under Section 403 of the Penal Code, which carries a penalty of imprisonment for a term of not less than six months and up to five years, along with whipping and a mandatory fine, upon conviction.

The trial, presided over by Judge Rosli Ahmad, will resume on November 3. — Bernama

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吉隆坡地庭获悉，Fashion Valet Sdn Bhd 在 2018 年从 Khazanah Nasional Berhad 和 Permodalan Nasional Berhad 获得了近 4000 万令吉的投资资金。

该案涉及公司创始人 Datin Vivy Sofinas Yusof 和 Datuk Fadzarudin Shah Anuar，他们被控犯有刑事失信罪。

据称，他们在未经董事会批准的情况下，擅自向 30 Maple Sdn Bhd 支付了总计 800 万令吉的款项。

根据刑法第 409 条和第 403 条的规定，这些指控将面临严重的处罚，审判将于 11 月 3 日继续进行。

吉隆坡，10月16日 – 地庭今天获悉，本地时装公司Fashion Valet Sdn Bhd（Fashion Valet）八年前从国库控股（Khazanah）和国民投资机构（PNB）获得总计近4000万令吉的投资资金。

54岁的郑丽凤是大众银行武吉白沙罗分行的银行服务经理，她说，这些资金在2018年3月至12月期间通过四笔不同的交易存入了Fashion Valet在大众银行的账户。

“对 Fashion Valet 的银行账户对账单进行审查后发现，国库控股 (Khazanah) 于 2018 年 3 月 23 日转账 7,848,000 令吉，于 2018 年 3 月 26 日转账 11,742,000 令吉，而国民投资银行 (PNB) 则记录了 2018 年 6 月 4 日 11,953,500 令吉的转账，以及 2018 年 12 月 20 日 8,364,996 令吉的转账，”她说道。

第五名控方证人在 Fashion Valet 创始人 Datin Vivy Sofinas Yusof 和她的丈夫 Datuk Fadzarudin Shah Anuar 的审判中作证时说了这番话。他们面临刑事失信指控，涉及来自 Khazanah 和 PNB 的 800 万令吉投资资金。

Tay 还证实，2018 年 8 月 21 日，Fashion Valet 的银行账户通过网上“批量支付”交易提取了 1100 万令吉。

“这笔金额高达1100万令吉的汇款交易属于需要核实的支付类别，具体而言，需要获得Fashion Valet Sdn Bhd名下大众银行账户的‘授权人’的批准。然而，我并不确定网上银行的授权人是谁。”

“据我所知，授权人的任命是基于董事会决议；通常情况下，授权签字人与网上银行的授权人是同一人，”Tay说道。

此外，1993 年开始在大众银行任职的 Tay 表示，对 Fadzarudin Shah 的银行对账单进行审查后发现，2018 年 9 月 4 日有一笔来自 30 Maple Sdn Bhd 公司的 500 万令吉的入账交易，参考编号为“中期股息”。

证人作证说：“我还查看了以 Vivy Sofinas Yusof 名义开设的账户的银行对账单，显示 2018 年 9 月 3 日有一笔来自 30 Maple Sdn Bhd 的 500 万令吉的入账交易，参考编号为‘CIMB Rentas’。”

据 Tay 称，2018 年 9 月 5 日，这对夫妇在大众银行柜台分别从各自的个人账户中提取了 550 万令吉。

在律师 Datuk M. Athimulan 的交叉询问下，证人确认其证词中所包含的所有信息均基于文件，包括银行对账单。

此外，Tay 也承认，从 Fashion Valet 银行账户中提取的 1100 万令吉并不一定意味着这些资金被转移到了某个个人账户；而是一笔“批量”交易……这笔“款项”用于支付员工工资、店铺租金等。

38岁的Vivy和37岁的Fadzarudin被控以Fashion Valet董事的身份，共同实施刑事失信行为，涉及来自Khazanah和PNB的投资资金。据称，他们在未经Fashion Valet董事会批准的情况下，授权从Fashion Valet的公司银行账户向一家名为30 Maple的公司支付总计800万令吉的款项。

据称，该罪行于 2018 年 8 月 21 日在武吉白沙罗大众银行分行（地址：武吉白沙罗广场 Medan Setia 2 36-40 号）发生，触犯了《刑法》第 409 条和第 34 条；如果罪名成立，将面临不少于两年、至多二十年的监禁，以及鞭刑和罚款。

他们还对另一项指控表示不认罪：共同意图不诚实地挪用属于 Fashion Valet 的财产，具体而言，是在同一地点、同一日期从 Khazanah 和 PNB 挪用的 800 万令吉投资资金。

这对夫妇被控违反刑法第 403 条，该条规定，一经定罪，将处以不少于六个月、至多五年的监禁，外加鞭刑和强制性罚款。

由罗斯利·艾哈迈德法官主持的审判将于11月3日继续进行。——马新社

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