Did Fashion Valet receive RM19.5m from Khazanah in March 2018?

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Fashion Valet Received RM19.5 Million in Transfers from Khazanah in March 2018

Fashion Valet Sdn Bhd received two interbank transfers totalling RM19,590,000 from Khazanah Nasional Berhad (Khazanah) in March 2018. These transactions were confirmed through a review of Khazanah's bank account statements.
Two Separate Transfers Occurred

The first transfer, amounting to RM7,848,000, was recorded on March 23, 2018. This was followed by a second transfer of RM11,742,000 on March 26, 2018. Together, these sums constituted the total of RM19.59 million.
Transactions Made Through Interbank Transfers

Both payments were executed via interbank transfers. Funds were moved from Khazanah’s CIMB account to the Public Bank account held by Fashion Valet Sdn Bhd. The transfers adhered to the bank's standard operating procedures, requiring a letter of instruction from authorised signatories and phone confirmation.
No Other Transfers Recorded in the Specified Period

A further examination of Khazanah’s account statements between January 31, 2017, and December 31, 2019, revealed no additional transfers to Fashion Valet’s account beyond these two transactions in March 2018.

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Did Fashion Valet receive RM19.5m from Khazanah in March 2018?

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