What was the account balance of 30 Maple before the RM5 million deposit?

Question

Accepted Answer

Account Balance Before RM5 Million Deposit

The account balance of 30 Maple Sdn Bhd prior to the RM5 million deposit from FashionValet Sdn Bhd on August 21, 2018, was RM2,678,853.48. This figure was confirmed by CIMB Bank’s Taman Tun Dr Ismail branch Customer Service Manager, Azizan Hassan, during testimony.
Transaction Details on August 21, 2018

On August 21, 2018, two online transactions from FashionValet Sdn Bhd to 30 Maple Sdn Bhd were recorded. The first deposit was RM5 million, with the description "REMITTANCE CR/ROC/PB ECP PAYMENT FASHIONVALET SDN BHD PB ECP PAYMENT FASHION VALET SDN BHD ADVANCES TO 30 MAPLE". The second, on the same day, was an additional RM3 million, with a similarly descriptive transaction note.
Subsequent Account Activity

Following these deposits, 30 Maple Sdn Bhd’s bank statements showed a significant withdrawal on September 3, 2018, amounting to RM10,213,537.28. Further activity on September 3 and 4, 2018, included an inflow of RM5 million and a subsequent RM5 million withdrawal, respectively, described as "Interim Dividend FADZARUDIN SHAH".
Directors' Signatory Authority

Vivy Yusof and Datuk Fadzarudin Shah Anuar, identified as directors of 30 Maple Sdn Bhd, held authorised signatory status for the company's bank account. This status is relevant in the context of the criminal breach of trust charges they are facing concerning the transfer of funds.

Reading history

Hide →

This history is cleared when the page is closed.

What was the account balance of 30 Maple before the RM5 million deposit?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends