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IJR News — today's news from every side

PNB transfers RM20.3m to FashionValet, court told — Jul 24, 2026In the Kuala Lumpur Sessions Court, it was disclosed that Permodalan Nasional Bhd transferred RM20.3 million to FashionValet Sdn Bhd in two 2018 payments, RM11,953,509 on June 4 and RM8,365,001 on December 20, with 22 authorised signatories and no restrictions imposed on the funds. The trial of Fashion Valet co-founders Vivy Yusof and her husband continues to hinge on these transfers and related RM8 million in investment funds from Khazanah Nasional and PNB.

Former Bank Analyst Jailed Three Years for Unlicensed Securities Activities — Jul 23, 2026A Kuala Lumpur Sessions Court convicted former bank analyst Mohd Arif Fadzlee Mohd Arifin and sentenced him to three years in prison for unlicensed regulated activities and the unlawful use of the Unit Trust Consultant title in relation to dealing in securities without a CMSRL, with offences dating back to 2011 in Petaling Jaya and Nilai. The case was brought by the Securities Commission Malaysia and followed a trial during which he was bail-release before the conviction.