Latest news with #FashionValet
Daily Express
8 hours ago
- Business
- Daily Express
RM8 million CBT trial of Fashion Valet founders to begin April 2026
Published on: Monday, June 23, 2025 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. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malay Mail
11 hours ago
- Business
- Malay Mail
Vivy Yusof, husband to face 15-day trial over RM8 million criminal breach of trust charge involving Khazanah and PNB funds
KUALA LUMPUR, June 23 — The Sessions Court today set 15 days of trial next year beginning April 13, for the case involving FashionValet Sdn Bhd founders Datin Vivy Sofinas, known as Vivy and her husband Datuk Fadzarudin Shah Anuar, who are facing charges of criminal breach of trust (CBT) involving RM8 million in investment funds from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB). Judge Rosli Ahmad set the trial dates for April 13 to 17, May 18 to 22, and June 8 to 12, 2026. 'The trial will run for 15 days, and the court has set the next case mention for October 27,' said Rosli. Earlier, Deputy Public Prosecutor Datuk Wan Shaharuddin Wan Ladin requested the court fix the trial dates agreed upon by both the prosecution and defence. Lawyer M. Athimulan is representing the couple. Wan Shaharuddin told the court that the prosecution will call 26 witnesses to testify. The accused, both 37, were not present in court today as their attendance had been exempted. On December 5 last year, Vivy and Fadzarudin pleaded not guilty to a charge of committing CBT in their capacity as directors of FashionValet Sdn Bhd. They were accused of misappropriating investment funds entrusted to them by Khazanah and PNB by transferring RM8 million from FashionValet Sdn Bhd's company account to 30 Maple Sdn Bhd without the approval of FashionValet's board of directors. The offence was allegedly committed at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, here, on August 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. They 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 FashionValet Sdn Bhd under Section 403 of the Penal Code, read together with Section 34 of the same Code, which provides for an imprisonment of between six months and five years, along with caning and a fine upon conviction. — Bernama
New Straits Times
13 hours ago
- Business
- New Straits Times
15-day trial set for Vivy Yusof, husband over RM8mil CBT charge
KUALA LUMPUR: FashionValet Sdn Bhd founders Datin Vivy Sofinas Yusof and her husband Datuk Fadzarudin Shah Anuar, are set to go on a 15-day trial next year on charges of criminal breach of trust (CBT) involving RM8 million in investment funds from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB). Sessions Court judge Rosli Ahmad today granted to the mutually agreed dates set between deputy public prosecutor Datuk Wan Shaharuddin Wan Ladin and the couple's lawyer, M. Athimulan. The trial dates are from April 13 to 17; May 18 to 22 and June 8 to 12. Wan Shaharuddin said about 26 prosecution witnesses are set to testify. Athimulan requested a later mention date to enable them to prepare for their defence and to get further instructions from the couple after going through forensic reports. Both Vivy Yusof, 38, and Fadzarudin, 37, were not present in court as their attendance had been exempted. Rosli set Oct 27 for mention. In December last year, the couple claimed trial to a charge of having the common intention to commit CBT as directors of FashionValet Sdn Bhd, entrusted with investment funds from government-linked investment companies, Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), totalling RM8 million. They are alleged to have fraudulently made an RM8 million payment from FashionValet's bank account to 30 Maple Sdn Bhd without approval from FashionValet's board of directors. 30 Maple, which runs the luxury headscarf brand, dUCK, is owned by the couple. The alleged offence took place at the Public Bank Berhad branch in Bukit Damansara on Aug 21, 2018. If convicted under Section 409 of the Penal Code read with Section 34, the couple faces a jail term or not less than two years and up to 20 years; with whipping and a fine. In January this year, the couple claimed trial to an alternative charge of jointly and dishonestly misappropriating RM8 million of FashionValet's investment funds from Khazanah and PNB at the same bank and date. The charge under Section 403 of the same code read with Section 34, carries a jail term of between six months and five years, whipping and a fine upon conviction.
