FashionValet received investment of almost RM40mil from PNB and Khazanah, witness testifies

News

Published on 16 Oct 2026 5:56:34 PM

Local fashion company FashionValet Sdn Bhd received investment funds totalling nearly RM40mil from Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) eight years ago, the Kuala Lumpur Sessions Court heard.

Tay Lay Hong, 54, a banking services manager at Public Bank’s Bukit Damansara branch, said on Friday (Oct 16) that the funds were deposited into FashionValet’s account in four separate transactions between March and December 2018.

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Keywords
news, thestartv, the star, kuala lumpur, sessions court, fashionvalet, cbt, vivy yusof, fadzarudin shah anuar, trial, permodalan nasional berhad, pnb, khazanah berhad, investment funds

Keywords:
news, thestartv, the star, kuala lumpur, sessions court, fashionvalet, cbt, vivy yusof, fadzarudin shah anuar, trial, permodalan nasional berhad, pnb, khazanah berhad, investment funds