Vivy Yusof and Fadzarudin Shah Anuar were jointly charged on Dec 5, 2024 with CBT involving Khazanah Nasional Bhd and Permodalan Nasional Bhd investment funds in their capacity as directors of Fashion Valet Sdn Bhd. (Bernama pic)KUALA LUMPUR: The sessions court here heard today that Fashion Valet Sdn Bhd received almost RM40 million in investments from Khazanah Nasional Bhd and Permodalan Nasional Bhd in 2018.

Public Bank manager Tay Lay Hong, 54, testified that Fashion Valet received RM7,848,000 and RM11,742,000 from Khazanah on March 23 and 26, respectively.

Tay said the company also received RM11,953,500 and RM8,364,966 from PNB on June 4 and Dec 20 in 2018, respectively.

Testifying in the RM8 million criminal breach of trust trial involving Fashion Valet founders Vivy Yusof and her husband, Fadzarudin Shah Anuar, she said RM11 million was disbursed from Fashion Valet's account to undisclosed recipients on Aug 21 that year.