00:00The Kuala Lumpur Sessions Court was told on Friday that Fashion Valley Sendiam Berhad received investment funds totaling nearly RM40
00:08million from Kazanah National Berhad and Permodalan National Berhad, PNB, in 2018.
00:14Public Bank Banking Services Manager Tai Le Hong testified that Kazanah transferred RM7.848 million on March 23 and RM11
00:25.742 million on March 26, while PNB transferred RM11.953 million on June 4 and RM8.365 million on December
00:3620 that year.
00:38Tai, the fifth prosecution witness, was testifying in the trial of Fashion Valley founders Datin Vivi Sofinas Yusof and her
00:46husband, Datuk Fadzaruddin Shah Anwar, who are facing charges involving RM8 million in investment funds from Kazanah and PNB.
00:55The court was also told that RM11 million was withdrawn from Fashion Valley's bank account on August 21, 2018, through
01:03an online bulk payment transaction.
01:05Tai also testified that Fadzaruddin's bank statements showed an incoming payment of RM5 million from 30 Maple Sendiam Berhad on
01:15September 4, 2018, with the reference interim dividend.
01:20Vivi's bank statements, meanwhile, showed a separate incoming payment of RM5 million from the same company on September 3, with
01:28the reference CIMB Rentas.
01:30The court was further told that RM5.5 million was withdrawn from each of the couple's personal accounts at a
01:37public bank counter on September 5, 2018.
01:41Vivi and Fadzaruddin are accused of acting with common intention, in their capacity as Fashion Valley directors,
01:48to commit criminal breach of trust involving RM8 million in investment funds from Kazanah and PNB.
01:54They allegedly authorised payments totaling RM8 million from the company's account to RM30 Maple, without the approval of Fashion Valley's
02:03board of directors.
02:04The alleged offence took place at a public bank branch in Bukit Damansara on August 21, 2018.
02:11The couple faces charges under Section 409 of the Penal Code, read together with Section 34.
02:18They have also pleaded not guilty to an alternative charge of dishonestly misappropriating the same RM8 million under Section 403
02:27of the Penal Code.
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