KUALA LUMPUR: FashionValet founders Datin Vivy Sofinas Yusof and her husband, Datuk Fadzarudin Shah Anuar, are set to face an additional joint alternative charge for dishonest misappropriation.
The charge is allegedly linked to the investment funds of Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB).
Deputy public prosecutor Datuk Wan Shaharuddin Wan Ladin informed Sessions Court judge Rosli Ahmad that the alternative charge would be filed under Section 403 of the Penal Code.
"This serves as an early notice to the defence and to the court. Today, we will proceed with one charge," he said.
Earlier in the same court, Vivy, 37, and Fadzarudin, 36, pleaded not guilty to a joint charge of criminal breach of trust (CBT) involving RM8 million linked to Khazanah and PNB. https://www.nst.com.my/news/crime-courts/2024/12/1144031/updated-vivy-hu...
The couple is accused of jointly committing 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 sentence of not less than two years and up to 20 years, with whipping and a fine.