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.
Comments