RM8 million CBT trial of Fashion Valet founders to begin April 2026
Published on: Mon, Jun 23, 2025
By: Bernama Text Size: Fashion Valet Sdn Bhd founders Vivy Sofinas and her husband Fadzarudin Shah Anuar claimed trial last year to misappropriating investment funds entrusted to them by Khazanah Nasional Bhd and Permodalan Nasional Bhd. (Bernama pic) Kuala Lumpur: The sessions court has set 15 days for trial next year for the case of Fashion Valet Sdn Bhd founders Vivy Sofinas and her husband Fadzarudin Shah Anuar, who are facing charges of criminal breach of trust involving RM8 million in investment funds from Khazanah Nasional Bhd and Permodalan Nasional Bhd. Judge Rosli Ahmad set the trial dates for April 13 to 17, May 18 to 22, and June 8 to 12. 'The trial will run for 15 days, and the court has set the next case mention for Oct 27,' said Rosli. Lawyer M Athimulan is representing the couple. Deputy public prosecutor Wan Shaharuddin Wan Ladin asked the court to fix the trial dates agreed upon by both the prosecution and defence. Wan Shaharuddin also told the court that the prosecution would call 26 witnesses to testify.
Advertisement The accused, both 37, were not present in court today as they were exempted from attending. On Dec 5 last year, Vivy and Fadzarudin pleaded not guilty to committing CBT in their capacity as directors of Fashion Valet. They were accused of misappropriating investment funds entrusted to them by Khazanah and PNB by transferring RM8 million from Fashion Valet's company account to 30 Maple Sdn Bhd without the approval of the board of directors. The offence was allegedly committed at Public Bank Bhd, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, here, on Aug 21, 2018. The charge, framed under Section 409 of the Penal Code, read together with Section 34 of the same code, provides for a minimum sentence of two years and a maximum of 20 years in jail, whipping, and a fine upon conviction. Vivy and Fadzarudin also pleaded not guilty to an alternative charge of jointly and dishonestly misusing company property, namely RM8 million in investment funds from Khazanah and PNB belonging to Fashion Valet under Section 403 of the Penal Code, read together with Section 34 of the same code, which provides for imprisonment of between six months and five years, along with caning and a fine upon conviction. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
an hour ago
- Barnama
Kuching-Pontianak Direct Route Provides Flexibility, Convenience For Travellers
KUCHING, July 26 (Bernama) -- Sarawak Transport Minister Datuk Seri Lee Kim Shin said the Kuching-Pontianak route, scheduled to commence on Sept 12 and operate twice daily, would provide greater flexibility and convenience for travellers from both sides of the border. In a statement today, he said the opening of these air routes was not just a milestone in aviation, but also a testament to the strong historical, cultural, and familial ties shared by the people. 'It will boost tourism, trade, education and social linkages, especially among border communities,' he said. According to him, the Sarawak government appreciated the Indonesian government's move to reopen Supadio Airport in Pontianak for international flights, which is a strategic air route connecting Kuching and Pontianak, the capital of West Kalimantan. He said he was formally invited to attend the launch, but was unable to be present due to prior official commitments, and delivered a pre-recorded video message to show his full support. 'I wish to first extend my sincere apologies for not being able to attend today's very special event. 'Nonetheless, I am truly delighted and would like to extend my heartfelt congratulations to the Sarawak Tourism Board for the successful organisation of the Sarawak Travel Fair in Pontianak,' he said in the message. Air Asia Malaysia announced the launch of the two new direct routes connecting Kuala Lumpur and Kuching to Pontianak, to become the only airline operating international flights to the West Kalimantan capital city. In a statement today, the airline said the new routes were unveiled during the Sarawak Travel Fair, organised by the Sarawak Tourism Board in Pontianak, and officially launched by West Kalimantan Governor Ria Norsan.
Daily Express
an hour ago
- Daily Express
Two killed in Lahad Datu motorcycle crash
Published on: Saturday, July 26, 2025 Published on: Sat, Jul 26, 2025 By: Azmie Lim Text Size: LAHAD DATU: Two people, including a 12-year-old boy, died in a collision involving three motorcycles along KM90 of the Lahad Datu-Tungku road late Friday night. The incident occurred around 11.30pm when two motorcycles travelling from Embara Budi towards Cenderawasih were struck by a third coming from the opposite direction. District police chief ACP Dzulbaharin Ismail said the victims included a 12-year-old Indonesian boy riding a Yamaha and a 19-year-old man on a Honda, both of whom died at the scene. A 20-year-old Indonesian pillion rider on the Yamaha suffered injuries, while the 18-year-old Yamaha Lagenda rider escaped unharmed. Police are investigating the case under Section 41(1) of the Road Transport Act 1987 and urge witnesses to contact Insp Humaidi Harun at 089-881255 or report to Lahad Datu Police Headquarters. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
an hour ago
- Daily Express
Sara recipients can shop at over 470 premises in Sabah
Published on: Saturday, July 26, 2025 Published on: Sat, Jul 26, 2025 By: Clarence Dol Text Size: Armizan presents the grand lucky draw prize to the winner. RANAU: A total of 470 supermarket and grocery premises in Sabah are now part of the 4,152 nationwide outlets where Sara recipients can use their MyKad to purchase basic necessities. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said his Ministry is also exploring ways for the Sara aid to be used at Rahmah Madani Sales programmes (PJRM), especially in remote areas. As of July this year, RM410 million has been channelled to 830,000 STR recipients in Sabah, while RM500 million has reached 506,000 Sara recipients. Armizan, who is also Papar MP, announced this during the KPDN Carnival Tour and Buy Malaysian Goods Campaign 2025 for the Sabah Zone, held here from July 25 to 27. The event supports local entrepreneurs and promotes domestic products under the 'Let's Buy Local' theme, with KPDN targeting 2,276 PJRM series across Sabah this year and welcoming the recent RM300 million federal boost to the Rahmah initiative. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
