KUALA LUMPUR: The co-founders of FashionValet Sdn Bhd have claimed trial to an alternative charge of misappropriating RM8mil in funds from Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).
Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar pleaded not guilty after the alternative charge was read out before Sessions Court judge Rosli Ahmad here yesterday.
“We plead not guilty. Requesting a trial,” the pair said.
Vivy, 37, and Fadzarudin, 36, were jointly accused of dishonestly misappropriating RM8mil of FashionValet’s investment funds from Khazanah and PNB at Public Bank Bhd at Plaza Damansara, Bukit Damansara, on Aug 21, 2018.The charge under Section 403 of the Penal Code, read together with Section 34 of the same Code, provides for imprisonment of between six months and five years, whipping and a fine, upon conviction.
Court day: Vivy (left) and Fadzarudin heading to the Sessions Court for their hearing. — Bernama
DPP Haresh Prakash Somiah requested the court to impose same bail as in previous proceedings where both accused were granted RM100,000 bail each in one surety.
Lawyer Ashok Athimulan, who represented the couple, did not object. The court then fixed the same bail conditions and set March 10 for the next mention.
On Dec 5 last year, Vivy and Fadzarudin were jointly accused of fraudulently making a payment of RM8mil from FashionValet Sdn Bhd to 30 Maple Sdn Bhd without the approval of FashionValet’s board of directors.
According to the charge sheet, Vivy and Fadzarudin, in their capacity as company directors, were entrusted with the monies which were investment funds from Khazanah and PNB.
The offence was allegedly committed at a Public Bank branch in Bukit Damansara on Aug 21, 2018.
They were charged under Section 409 of the Penal Code, read together with Section 34 of the same Code.
If convicted, Vivy and Fadzarudin face a jail term of between two and 20 years, whipping and a fine.
