24-06-2025
FashionValet founders to face trial for CBT next April
KUALA LUMPUR: The Sessions Court has fixed 15 days beginning April 13 next year for the trial of FashionValet Sdn Bhd founders Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar, who are facing charges of criminal breach of trust (CBT) involving RM8mil in investment funds from Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB).
During case mention yesterday, judge Rosli Ahmad set the trial dates for April 13 to 17, May 18 to 22, and June 8 to 12, 2026.
'The trial will run for 15 days, and the court has set the next case mention on Oct 27,' Rosli said.
Earlier, deputy public prosecutor Datuk Wan Shaharuddin Wan Ladin informed the court that the prosecution will be calling 26 witnesses to testify.
Lawyer M. Athimulan appeared for Vivy, 38, and Fadzarudin, 37.
Both husband and wife were not present during the proceedings, as their attendance had been exempted.
On Dec 5 last year, Vivy and Fadzarudin pleaded not guilty to a charge of committing CBT in their capacity as directors of FashionValet.
They were accused of misappropriating investment funds entrusted to them by Khazanah and PNB by transferring RM8mil from FashionValet's company account to 30 Maple Sdn Bhd without the approval of FashionValet's board of directors.
The offence was allegedly committed at Public Bank Bhd, Bukit Damansara branch, 36-40 Medan Setia 2, Plaza 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.
They also pleaded not guilty to an alternative charge of jointly and dishonestly misusing company property, namely, RM8mil in investment funds from Khazanah and PNB belonging to FashionValet Sdn Bhd under Section 403 of the Penal Code, read together with Section 34 of the same Code.
