🌟 Assalamualaikum guys, welcome back! Fashion Valley is currently under investigation by the authorities. The founders, Viv Yusof and Fazaruddin Shah, are being questioned by the SPRM.

💼 As of today, on the third day of the investigation, 11 luxury handbags and 1 luxury watch have been seized, valued at RM 000. Additionally, personal and company accounts belonging to Viv Yusof and Fazaruddin Shah have been frozen, totaling RM 1 million.

📈 Reports indicate that Viv Yusof's company was purchased for RM 7 million by Khazanah and PNB, which invested RM 47 million in Fashion Valley in 2018. This investment was aimed at supporting local entrepreneurship.

🔍 The acquisition raised questions as it involved a transfer of RM 95 million within their business ecosystem. The annual report for 2018 valued the brand at RM 68.8 million and the Maple company at RM 21 million.

💰 Despite the profits of RM 8.5 million in 2017 and RM 7.745 million in 2018, concerns have been raised about the use of public funds for internal transfers, potentially harming public investors.

🤔 There are speculations about whether Viv Yusof's actions are aimed at expanding Fashion Valley or merely increasing debt. Observations from influencer Alif Ahmad suggest that American entrepreneurs often absorb companies without cashing out public funds.

🔄 We must wait for the SPRM to complete their investigation into Fashion Valley. Updates will be shared as they become available. Thank you for watching, and have a nice day! Assalamualaikum.