RM8 million CBT trial of Fashion Valet founders to begin April 2026
Published on: Mon, Jun 23, 2025
By: Bernama Text Size: Fashion Valet Sdn Bhd founders Vivy Sofinas and her husband Fadzarudin Shah Anuar claimed trial last year to misappropriating investment funds entrusted to them by Khazanah Nasional Bhd and Permodalan Nasional Bhd. (Bernama pic) Kuala Lumpur: The sessions court has set 15 days for trial next year for the case of Fashion Valet Sdn Bhd founders Vivy Sofinas and her husband Fadzarudin Shah Anuar, who are facing charges of criminal breach of trust involving RM8 million in investment funds from Khazanah Nasional Bhd and Permodalan Nasional Bhd. Judge Rosli Ahmad set the trial dates for April 13 to 17, May 18 to 22, and June 8 to 12. 'The trial will run for 15 days, and the court has set the next case mention for Oct 27,' said Rosli. Lawyer M Athimulan is representing the couple. Deputy public prosecutor Wan Shaharuddin Wan Ladin asked the court to fix the trial dates agreed upon by both the prosecution and defence. Wan Shaharuddin also told the court that the prosecution would call 26 witnesses to testify.
Advertisement The accused, both 37, were not present in court today as they were exempted from attending. On Dec 5 last year, Vivy and Fadzarudin pleaded not guilty to committing CBT in their capacity as directors of Fashion Valet. They were accused of misappropriating investment funds entrusted to them by Khazanah and PNB by transferring RM8 million from Fashion Valet's company account to 30 Maple Sdn Bhd without the approval of the board of directors. The offence was allegedly committed at Public Bank Bhd, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, here, on Aug 21, 2018. The charge, framed under Section 409 of the Penal Code, read together with Section 34 of the same code, provides for a minimum sentence of two years and a maximum of 20 years in jail, whipping, and a fine upon conviction. Vivy and Fadzarudin also pleaded not guilty to an alternative charge of jointly and dishonestly misusing company property, namely RM8 million in investment funds from Khazanah and PNB belonging to Fashion Valet under Section 403 of the Penal Code, read together with Section 34 of the same code, which provides for imprisonment of between six months and five years, along with caning and a fine upon conviction. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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