MACC continues questioning FashionValet founders Vivy Yusof, Fadzarudin Shah over RM43.9m investment losses linked to Khazanah, PNB Posted on November 6, 2024 By PUTRAJAYA, Nov 6 — The Malaysian Anti-Corruption Commission (MACC) is still recording statements from fashion entrepreneurs and FashionValet co-founders Vivy Yusof and her husband, Fadzarudin Shah Anuar regarding the RM43.9 million loss stemming from investments by Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB). According to Bernama, the couple arrived at MACC headquarters in a car, which was seen entering the premises at 12.54 pm today. Yesterday, the couple made their first appearance at the MACC office, where they spent nearly eight hours giving their statements to assist with the investigation. MACC Chief Commissioner Tan Sri Azam Baki told Bernama that, as of yesterday, four witnesses from PNB, Khazanah, and the Ministry of Finance had already been interviewed. The commission also revealed on Monday, through a TikTok post, that it had raided the office of the online fashion company, along with three other locations, seizing various documents for investigation under Section 18 of the MACC Act. Azam assured that the investigation into the financial loss would be carried out impartially and professionally, emphasising the importance of the case due to the involvement of public funds and its significant public interest. He also called on the public to allow the investigation to proceed without speculation or a “public trial” of those involved. SERV
SERV Ambassador affirms US commitment, investment in Malaysia to continue whether Trump or Harris occupies White House Posted on November 6, 2024 KUALA LUMPUR, Nov 6 — The United States is committed to continue investing in Malaysia and the broader Indo-Pacific region regardless of whether Donald Trump or Kamala Harris wins the presidential race today, its Ambassador to Malaysia Edgard D. Kagan said. Praising Malaysia as an “extraordinary” example of democratic success,… Read More
SERV Zahid tells Umno to pay more attention to social concerns like bullying, singles out UPNM for starters Posted on August 24, 2024 KUALA LUMPUR, Aug 24 — Umno president Datuk Seri Ahmad Zahid Hamidi wants party members to champion pressing social concerns like bullying in schools, just like in its past in an effort to make their brand relevant again. He held up the 2017 case of 20-year-old naval cadet Zulfarhan Osman… Read More
SERV Search for Masjid India sinkhole victim moves towards Pantai Dalam sewage plant, FT minister says will remap KL next Posted on August 24, 2024 KUALA LUMPUR, Aug 24 — The search and rescue operation (SAR) to locate the Indian tourist who fell into a sinkhole along Jalan Masjid India yesterday will now focus on the last two manholes on the sewer line leading to the Indah Water Konsortium (IWK) Pantai Dalam treatment plant. Minister… Read More