Politics · Malaysia Bureau
Fashion entrepreneur Vivy Yusof, husband appear in court over RM19.5m transfers
The Sessions Court in Kuala Lumpur heard evidence of two substantial transfers from state investment firm Khazanah Nasional Berhad in a criminal breach of trust case involving fashion entrepreneur Vivy Yusof and her spouse.
LSN Malaysia ·
KUALA LUMPUR — A Sessions Court was presented with details of RM19.5 million in transfers from Khazanah Nasional Berhad (Khazanah) during proceedings against Vivy Yusof and her husband on criminal breach of trust charges.
The court heard evidence regarding the fund movements linked to the case, as well as director records relevant to the allegations. Court testimony outlined the financial transactions at the centre of the investigation, which prosecutors allege constitute a breach of trust involving the state-owned investment fund.
The couple faces the charges in connection with their dealings with Khazanah. The case continues to unfold as the court examines documentation and testimony related to the disputed transfers and the circumstances surrounding them.
The proceedings represent a significant development in a matter that has drawn attention to corporate governance and accountability involving prominent business figures in Malaysia's entrepreneurial sector. The court's examination of the detailed financial records is expected to form a critical component of the case.