The Kuala Lumpur Sessions Court was told today that Fashion Valet Sdn Bhd received nearly RM40 million in investment funds from Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) in 2018.

Tay Lay Hong, 54, a banking services manager at Public Bank’s Bukit Damansara branch, said the funds were deposited into Fashion Valet’s Public Bank account in four transactions between March and December that year.

The Kuala Lumpur Sessions Court was told today that Fashion Valet Sdn Bhd received RM39,908,496 in investment funds from Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) in 2018.

Tay Lay Hong, 54, a banking services manager at Public Bank’s Bukit Damansara branch, said the funds were deposited into the online fashion retailer’s Public Bank account in four transactions between March and December that year.