PNB transfers RM20.3m to FashionValet, court told
In the Kuala Lumpur Sessions Court, it was disclosed that Permodalan Nasional Bhd transferred RM20.3 million to FashionValet Sdn Bhd in two 2018 payments, RM11,953,509 on June 4 and RM8,365,001 on December 20, with 22 authorised signatories and no restrictions imposed on the funds. The trial of Fashion Valet co-founders Vivy Yusof and her husband continues to hinge on these transfers and related RM8 million in investment funds from Khazanah Nasional and PNB.