Fashion Valet received nearly RM40mil from Khazanah, PNB in 2018, court told
Photo: New Straits Times
KUALA LUMPUR: The Sessions Court was told today that Fashion Valet Sdn Bhd received nearly RM40 million in investment funds from Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) in 2018.
From the original report
Bukit Damansara Public Bank Bhd banking services manager Tay Lay Hong, 54, said the amount involved four transactions recorded between March and December that year.
"An examination of the company's bank statements showed that Khazanah transferred RM7.84 million on March 23, 2018, and RM11.74 million on March 26, 2018.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
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About this story
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- New Straits Times
- Originally published
- Oct 16, 2026
- Updated here
- Oct 16, 2026
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- Malaysia Times desk (brief) — reporting by the source
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