The humongous loss and the fire sale of FashionValet.com has been the buzz within the local tech community for a while, but it did not catch on publicly till Yeo Bee Yin recently raised the issue in Parliament.
Typical of Malaysians to immediately point fingers at politicians. The imprisoned Najib was blamed. Daim and his then "Council of Elders" (Council of Emminent Persons) linked. His puppet Economic Minister, Azmin Ali implicated.
But then the nicnamed father of Vivy, Yusof Perancis immediatey became a conversation. He was PMX's former Secretary when he was DPM. Yusof is close with Deputy Prime Ministers - past and present, and also past Ministers like Annuar Musa and Maszlee Malek. And, said to be capable at structuring schemes in investment, business and funding.
Afzal, the man behind the buyer, NVBT Partner can be given a political spin, but better not to go through that path. Everythng can be spinned to PH, BN and PN, so stick to the facts, issue of accountability, and individuals' integrity.
As Scoop.com's A Azam Aris wrote:
Given that taxpayer funds and deposits are either directly or indirectly involved, Malaysians feel justified in asking for comprehensive accountability. Transparency in such high-stakes investments is paramount to upholding public trust, particularly when public funds are involved.
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