PUTRAJAYA: FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar has arrived at the anti-graft agency to have their statements recorded regarding the RM43.9mil investment losses linked to Khazanah Nasional Bhd and Permodalan Nasional Bhd. Sources said that the couple arrived around 2pm on Tuesday (Nov 5) and was accompanied by a lawyer.
The MACC has initiated an investigation into losses incurred by Khazanah and PNB from their investment into FashionValet, a local online fashion business. MACC chief commissioner Tan Sri Azam Baki was reported to have said that the company’s founders would be called for questioning today. The agency has so far called four witnesses from PNB, Khazanah and the Finance Minister to have their statement recorded.
MACC was also reported to have seized several documents as part of its investigation into the RM43.9mil losses linked to Khazanah and PNB. In a written Parliamentary reply last week, the Finance Ministry said that Khazanah and PNB sold its shares in the e-commerce platform for RM3.
1mil to NXBT Partners in 2023. This contrasted with the RM47mil investment made by Khazanah and PNB in 2018, consisting of RM27mil and RN20mil respectively for minority stakes in FashionValet. Viby and Fadzaruddin had apologised over the losses and said they would step down from their positions in FashionValet.
They said this was taken to prevent further controversy from affecting the company, which is currently in the recovery process..
