Kuala lumpur: The Sessions Court here was told today that RM8 million was transferred from FashionValet Sdn Bhd's bank account to 30 Maple Sdn Bhd through two online transactions in August 2018.
According to BERNAMA News Agency, CIMB Bank's Taman Tun Dr Ismail branch Customer Service Manager Azizan Hassan, 45, testified that a review of 30 Maple's bank statements revealed online deposits of RM5 million and RM3 million from FashionValet's bank account. Azizan confirmed the details of the transactions, noting that on August 21, 2018, a deposit of RM5 million was made from FashionValet Sdn Bhd, followed by another deposit of RM3 million. She also reported the account balances prior to each transaction.
Azizan was reading her witness statement on the opening day of the trial involving FashionValet founders Datin Vivy Yusof and her husband, Datuk Fadzarudin Shah Anuar, who face charges of criminal breach of trust involving RM8 million in investment funds from Khazanah Nasional Berhad and Permodalan Nasional Berhad.
The prosecution's first witness noted a withdrawal of RM10,213,537.28 from 30 Maple's account on September 3, 2018, and testified regarding additional transactions involving RM5 million inflows and outflows labeled as "Interim Dividend FADZARUDIN SHAH."
Azizan gave her testimony during examination-in-chief by Deputy Public Prosecutors Noor Syazwani Mohamad Sobry and Haresh Prakash Somiah. She confirmed that Vivy and Fadzarudin, the directors of 30 Maple, were authorized signatories for the company's bank account.
Counsel Datuk M. Athimulan, representing the couple, informed Judge Rosli Ahmad of his inability to cross-examine the witness until Friday due to medical leave, which the court approved.
Vivy and Fadzarudin face charges under Section 409 of the Penal Code, read with Section 34, for allegedly transferring RM8 million in investment funds from FashionValet's bank account to 30 Maple without board approval. The alleged offense occurred on August 21, 2018, at Public Bank Berhad, Bukit Damansara branch.
They pleaded not guilty to an alternative charge of dishonest misappropriation of property under Section 403 of the Penal Code, which carries a prison sentence of six months to five years with whipping and a fine if convicted.