Vivy and Fadzarudin Shah Anuar, both 36, allegedly transferred RM8 million (S$2.4 million) in August 2018 from the accounts of online fashion retailer FashionValet to 30 Maple - the parent company of dUCk - without the approval of FashionValet's board of directors.
The couple hold a stake in FashionValet, which they co-founded, and the online fashion retailer owns 30 Maple. FashionValet's investors included Malaysia's sovereign wealth fund Khazanah Nasional and state-owned asset manager Permodalan Nasional Berhad (PNB).
Vivy and Fadzarudin were charged with criminal breach of trust (CBT) on Dec 5.
This story is from the December 06, 2024 edition of The Straits Times.
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This story is from the December 06, 2024 edition of The Straits Times.
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