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: Fashion Valet Sdn Bhd’s shareholders’ agreement required board approval before the company could declare dividends, the sessions court heard today.

Corporate lawyer Anne Wong, 49, who was involved in drafting the agreement dated March 5, 2018, said in her witness statement that the approval had to come from a majority of directors, including those appointed by Pulau Tiga Ventures Sdn Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd.

Wong was testifying in the RM8 million criminal breach of trust trial involving Fashion Valet founders Vivy Yusof and her husband, Fadzarudin Shah Anuar.