The Kuala Lumpur Sessions Court heard that Permodalan Nasional Bhd transferred RM20.3 million to FashionValet Sdn Bhd in two tranches during 2018, totaling RM20,318,510 with RM11,953,509 on June 4 and RM8,365,001 on December 20. Maybank Jalan Tun Razak branch assistant manager Shamsiah Musa testified that these were the only two transfers from PNB’s Maybank account to FashionValet’s Public Bank account in 2018. She described the June transfer as an over-the-counter, manually authorised payment and the December transfer as an online transaction, noting there were 22 authorised signatories for PNB divided into three groups. The defense pressed whether PNB instructed any freezing or restriction on the funds; the witness said there were none and that the transactions were processed transparently. The witness added that once credited, the funds became FashionValet’s working capital and that Maybank did not receive notices to freeze or restrict use, and she did not know the terms of the investment between PNB and FashionValet. The case centers on FashionValet co-founders Vivy Yusof and Fadzarudin Shah Anuar facing criminal breach of trust charges related to RM8 million in funds from Khazanah Nasional Bhd and PNB.