00:00Fashion Valet founders Datuk Fadzaruddin Shah Anuar and Datin Vivi Yusuf pleaded not
00:05guilty on Thursday at the Kuala Lumpur Sessions Court to a criminal breach of trust charge
00:11involving eight million ringgit. The couple were accused of dishonestly transferring eight
00:16million ringgit from Fashion Valet Sendirian Berhad to 30 Maple Sendirian Berhad without
00:21board approval. According to the charge sheet, Vivi and Fadzaruddin were entrusted with investment
00:26funds from Kazana National Berhad and Permodalan National Berhad. The alleged offence took
00:33place at a public bank branch in Bukit Damansara on August 21, 2018. They are jointly charged
00:41under Section 409 and Section 34 of the Penal Code, which carries imprisonment of two to
00:47twenty years, whipping, and a fine if convicted. Deputy Public Prosecutor Datuk Wan Shaharuddin
00:53Wan Ladeen proposed bail between RM100,000 and RM200,000 each, citing the seriousness
01:00of the offence. The prosecution also requested additional bail conditions, including surrendering
01:05their passports to the court due to flight risk concerns and regular reporting to the
01:10Malaysian Anti-Corruption Commission headquarters. Judge Rosli Ahmad fixed bail at RM100,000
01:18with one surety for each accused and approved the prosecution's additional conditions.
01:23The case is scheduled for mention on January 22 next year.
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