What were the transaction descriptions for the RM8 million deposits?

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Transaction Descriptions for RM8 Million Deposits Detailed

RM8 million was transferred from FashionValet Sdn Bhd to 30 Maple Sdn Bhd through two online transactions on August 21, 2018. The transaction description for the RM5 million deposit was recorded as ‘REMITTANCE CR/ROC/PB ECP PAYMENT FASHIONVALET SDN BHD PB ECP PAYMENT FASHION VALET SDN BHD ADVANCES TO 30 MAPLE’. A similar description was used for the accompanying RM3 million deposit made on the same day.
RM5 Million Deposit Details

On August 21, 2018, CIMB Bank recorded a deposit of RM5 million into the 30 Maple Sdn Bhd account originating from FashionValet Sdn Bhd. The specific transaction description provided was ‘REMITTANCE CR/ROC/PB ECP PAYMENT FASHIONVALET SDN BHD PB ECP PAYMENT FASHION VALET SDN BHD ADVANCES TO 30 MAPLE’. Prior to this deposit, the account balance stood at RM2,678,853.48.
RM3 Million Deposit Details

On the same date, August 21, 2018, another deposit of RM3 million was made from FashionValet Sdn Bhd to 30 Maple Sdn Bhd. This transaction shared a similar description to the earlier RM5 million transfer. The account balance immediately before this RM3 million deposit was RM7,678,853.48.
Context of the Transfers

These transfers are part of a trial involving FashionValet founders Datin Vivy Yusof and Datuk Fadzarudin Shah Anuar. They are facing charges of criminal breach of trust concerning RM8 million in investment funds. The funds were allegedly transferred from FashionValet’s bank account to 30 Maple Sdn Bhd without the approval of FashionValet’s board of directors.
Legal Proceedings and Charges

Vivy Yusof and Fadzarudin Shah Anuar, as directors of 30 Maple, are authorised signatories for the company’s bank account. They have pleaded not guilty to the charges, which fall under Section 409 of the Penal Code for criminal breach of trust and an alternative charge under Section 403 for dishonest misappropriation of property. The alleged offence occurred on August 21, 2018.

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What were the transaction descriptions for the RM8 million deposits?

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