FashionValet scandal: MACC finds suspicious financial transactions from 2018-2023

Tan Sri Azam Baki said the commission will not detain the founding couple for now as they are fully cooperating with the investigation

8:00 AM MYT

 

KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has found several suspicious financial transactions between 2018 and last year during its investigation into FashionValet.

MACC Chief Commissioner Tan Sri Azam Baki said that based on the investigation so far, his team has concluded that there are questionable account transactions from a company and several other parties that are under investigation.

“We have also managed to detect several suspicious financial transactions. These (suspicious transactions) started from 2018 to 2023,” he said yesterday evening.

He said that the MACC is currently in the process of tracking down items owned by the FashionValet founding couple, Datin Vivy Yusof and her husband, Datuk Fadzaruddin Shah Anuar, that were previously showcased on social media.

“They need to cooperate in identifying the items that were previously shown on social media,” he said.

He also said that the MACC will not detain the couple for now as they are fully cooperating with the investigation.

He added that the MACC has so far seized 60 boxes containing various documents from FashionValet, Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB) to assist with the investigation.

Earlier, Vivy and Fadzaruddin, had been present at the MACC headquarters since last Tuesday to assist with the investigation under Section 18 of the MACC Act 2009.

Entering the third day yesterday, the couple arrived at the MACC at 2.34 pm, but less than two hours later, Vivy was seen leaving the MACC headquarters at 4 pm, accompanied only by her lawyer, Shaarvin Raaj Selva Kumar, and escorted by a MACC officer.

It is understood that Vivy returned to the MACC headquarters around 8pm last night for further questioning and is expected to stay until 10pm.

Previously, sources had revealed that the MACC had also frozen several private and company bank accounts belonging to the couple’s FashionValet e-commerce platform, worth approximately RM1.1 million.

“Since the investigation began, the MACC, through ‘Op Favish’, has frozen approximately 11 private accounts and six company accounts under the control of the husband and wife, worth approximately RM1.1 million, to assist with the investigation,” he said.

Meanwhile, Azam confirmed the freezing of the accounts and said the case is being investigated under Section 18 of the MACC Act 2009. – November 8, 2024

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