KUALA LUMPUR: A video posted by Malaysian Anti-Corruption Commission (MACC) of its raid on the offices of a fashion e-commerce brand has raised scepticism among some netizens, though others expressed support for the agency's move. Graft busters descended on the offices of FashionValet on Monday (Nov 4), along with those of the Finance Ministry, Khazanah Nasional, and Permodalan Nasional Bhd (PNB), according to the New Straits Times. This comes amid loss of US$10 million of state funds in an investment in FashionValet .
The MACC is also scheduled to record statements from FashionValet’s co-founders, well-known husband-and-wife entrepreneurs, Ms Vivy Yusof and Mr Fadzarudin Shah Anuar on Tuesday at its headquarters, according to local media. “We will record statements from the husband and wife today,” Chief Commissioner Azam Baki confirmed, as quoted by a Malaysiakini report. The raid came amid public outcry linked to the RM43.
9 million (US$10.1 million) of investment loss involving public funds by Khazanah and Permodalan Nasional Berhad (PNB), two government-linked firms which invested RM27 million and RM20 million respectively into the fashion e-commerce platform in 2018. This is despite the company already recording losses for five years consecutively from 2012 to 2017.
In a video of the raid posted on MACC’s official TikTok account, many netizens expressed hopes that it was “not just a gimmick” and that investigations are conducted “transparently although (the.
