Summary
- Court hears PNB transferred RM20.3 million to FashionValet.
- Witness says no restrictions were placed on the funds.
- Vivy Yusof and husband face RM8 million CBT charges.
- Trial to resume on Aug 17.
KUALA LUMPUR, July 25 — The Sessions Court heard that Permodalan Nasional Berhad (PNB) transferred RM20.3 million to FashionValet Sdn Bhd in two transactions in 2018.
Maybank assistant manager Shamsiah Musa testified that PNB did not instruct the bank to freeze or restrict the use of the funds.
Adding that all transactions were processed in accordance with banking procedures. The evidence was presented during the criminal breach of trust trial.
Involving FashionValet founders Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar, with the trial set to continue on Aug 17.
