FashionValet founders return for further MACC questioning

The Star

FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar are being questioned for the second day regarding RM43.9mil in investment losses linked to Khazanah Nasional Bhd and Permodalan Nasional Bhd.  Read more at https://tinyurl.com/mr38pp68  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Fashion Valet founders Datin Vivi Yusuf and Fadzaruddin Shah Anwar are being questioned

00:06for the second day regarding 43.9 million ringgit in investment losses linked to Kazana

00:12National Berhad and Permodalan National Berhad.

00:15The couple arrived at the MACC headquarters at 12.55pm on Wednesday.

00:22They were first summoned for their statements on Tuesday afternoon and left the MACC headquarters

00:28late at night.

00:29The MACC has initiated an investigation into losses incurred by Kazana and PNB from their

00:36investment in Fashion Valet, a local online fashion business.

00:40The agency has so far questioned four witnesses from PNB, Kazana and the Finance Ministry

00:46to record their statements.

00:48On Monday, investigators raided several premises, including the Fashion Valet office, and seized

00:54documents as part of the investigation.

00:56Vivi and Fadzaruddin have apologised for the losses and announced they would step

01:01down from their positions at Fashion Valet.

01:03Vivi was the Chief Executive Officer while Fadzaruddin served as the Executive Director.

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