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Malaysian influencer Vivy and husband claim trial in CBT case
The Straits Times
|December 06, 2024
KUALA LUMPUR - Fashion influencer Vivy Yusof, the entrepreneur behind Malaysia's luxury scarf brand dUCk, and her husband pleaded not guilty on Dec 5 to charges of misusing funds invested in their company by two government-linked firms.
Vivy and Fadzarudin Shah Anuar, both 36, allegedly transferred RM8 million (S$2.4 million) in August 2018 from the accounts of online fashion retailer FashionValet to 30 Maple - the parent company of dUCk - without the approval of FashionValet's board of directors.
The couple hold a stake in FashionValet, which they co-founded, and the online fashion retailer owns 30 Maple. FashionValet's investors included Malaysia's sovereign wealth fund Khazanah Nasional and state-owned asset manager Permodalan Nasional Berhad (PNB).
Vivy and Fadzarudin were charged with criminal breach of trust (CBT) on Dec 5.
Dit verhaal komt uit de December 06, 2024-editie van The Straits Times.
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