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Malaysia Prime Minister Anwar Ibrahim Instructs $18 Billion Sovereign Wealth Fund Khazanah Nasional, Permodalan Nasional & Related Parties to Conduct Internal Audit of $9.9 Million (MYR 43.9 Million) Investment Losses in Online Fashion Retailer FashionValet, Invested $10.6 Million (MYR 47 Million) in 2018 & Sold Shares for $705,000 (MYR 3.1 Million) in 2023, Malaysian Anti-Corruption Commission Opened Investigation, FashionValet Founded in 2010 by Husband & Wife Fadzarudin Shah Anuar & Vivy Yusof
9th November 2024 | Hong Kong
Malaysia Prime Minister Anwar Ibrahim has instructed sovereign wealth fund Khazanah Nasional ($18 billion AUM), Permodalan Nasional & related parties to conduct internal audit of $9.9 million (MYR 43.9 million) investment losses in online fashion retailer FashionValet, investing $10.6 million (MYR 47 million) in 2018 and selling shares for $705,000 (MYR 3.1 million) in 2023. The Malaysian Anti-Corruption Commission has opened an investigation. FashionValet was founded in 2010 by husband & wife Fadzarudin Shah Anuar & Vivy Yusof.
“ Malaysia Prime Minister Anwar Ibrahim Instructs $18 Billion Sovereign Wealth Fund Khazanah Nasional, Permodalan Nasional & Related Parties to Conduct Internal Audit of $9.9 Million (MYR 43.9 Million) Investment Losses in Online Fashion Retailer FashionValet, Invested $10.6 Million (MYR 47 Million) in 2018 & Sold Shares for $705,000 (MYR 3.1 Million) in 2023, Malaysian Anti-Corruption Commission Opened Investigation, FashionValet Founded in 2010 by Husband & Wife Fadzarudin Shah Anuar & Vivy Yusof “
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Malaysia Prime Minister Anwar Ibrahim Instructs $18 Billion Sovereign Wealth Fund Khazanah Nasional, Permodalan Nasional & Related Parties to Conduct Internal Audit of $9.9 Million (MYR 43.9 Million) Investment Losses in Online Fashion Retailer FashionValet, Invested $10.6 Million (MYR 47 Million) in 2018 & Sold Shares for $705,000 (MYR 3.1 Million) in 2023, Malaysian Anti-Corruption Commission Opened Investigation, FashionValet Founded in 2010 by Husband & Wife Fadzarudin Shah Anuar & Vivy Yusof
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