FashionValet Founders Vivy Yusof & Fadza Anuar Arrive At MACC To Record Statements
Sources said that the couple arrived around 2pm and was accompanied by a lawyer.
FashionValet founders, Vivy Yusof and Fadzaruddin Shah Anuar, arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya today, 5 November to provide statements
Sources said that the couple arrived around 2pm and was accompanied by a lawyer, as reported by The Star.
The anti-graft agency are currently investigating the RM43.9 million loss incurred by Khazanah Nasional Berhad and Permodalan Nasional Bhd (PNB) after their shares in FashionValet were sold for RM3.1 million in 2023, a sharp contrast to the initial investment of RM47 million made in 2018.
MACC had earlier raided four locations, including FashionValet's headquarters in Kuala Lumpur, as part of its investigation.
Several financial documents from the Finance Ministry, Khazanah, and FashionValet were confiscated during the raids.
According to MACC chief commissioner Tan Sri Azam Baki, the anti-graft body has already taken statements from four key individuals connected to Khazanah, PNB, and the Finance Ministry
Today's session focuses on Vivy and Fadzarudin's role in managing the company during the period when the losses were recorded. The investigation includes potential violations under Section 18 of the MACC Act 2009, which deals with false or misleading financial claims.
The probe was triggered after public outcry over the significant loss involving public funds invested by the two government-linked investment companies. Despite an earlier apology and the couple's resignation from their management roles at FashionValet, the investigation into the handling of the investments continues to garner attention.
Vivy was formerly the Creative Director, while Fadzarudin held the Chief Executive Officer role.
Read the full explainer of the controversy here:
Learn more about Vivy Yusof here:
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