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Kuala Lumpur: The founder of FashionValet Sdn Bhd, Datin Vivy Yusof, and her husband, Datuk Fadzarudin Shah Anuar, have been charged with the misappropriation of RM8 million from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), belonging to the company.

Vivy Yusof, 37, and Fadzarudin, 36, pleaded not guilty after the alternative charges were read out before Sessions Court Judge Rosli Ahmad.

"We plead not guilty and request for a trial," the couple responded.

They are accused of jointly and dishonestly misappropriating RM8 million of FashionValet’s investment funds from Khazanah and PNB, at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, on Aug 21, 2018.

The couple is charged under Section 403 of the Penal Code, read together with Section 34 of the same Code, which provides for an imprisonment of between six months and five years, along with caning and a fine upon conviction.