When did Khazanah make the RM19.5m transfers to Fashion Valet?

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Khazanah Transfers to Fashion Valet Occurred in March 2018

Khazanah Nasional Berhad (Khazanah) made two interbank transfers totalling RM19.5 million to Fashion Valet Sdn Bhd in March 2018. The first transfer of RM7,848,000 occurred on March 23, 2018, followed by a second transfer of RM11,742,000 on March 26, 2018.
First Transfer on March 23, 2018

A sum of RM7,848,000 was transferred from Khazanah’s CIMB account to Fashion Valet Sdn Bhd’s Public Bank account on March 23, 2018. This transaction was part of a larger series of payments made by Khazanah to the fashion company.
Second Transfer on March 26, 2018

Three days later, on March 26, 2018, another interbank transfer of RM11,742,000 was initiated from Khazanah’s CIMB account to Fashion Valet’s Public Bank account. This second payment brought the total amount transferred by Khazanah to Fashion Valet in March 2018 to RM19,590,000.
Total Amount Transferred

The combined value of the two transactions in March 2018 amounted to RM19,590,000. These transfers were processed via interbank channels, originating from Khazanah’s account at CIMB and directed to Fashion Valet’s account at Public Bank.
Review of Account Statements

A review of Khazanah’s account statements from January 31, 2017, to December 31, 2019, indicated that these two transfers in March 2018 were the only transactions made to Fashion Valet’s account during that period. The transfers were executed following the bank's standard operating procedures, which included receiving a letter of instruction signed by Khazanah's authorised signatories and verbal confirmation.

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When did Khazanah make the RM19.5m transfers to Fashion Valet?

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