COMMENT | When the nation was perilously hit by a mega financial scandal - the 1MDB saga - Malaysians could only hope that such a scandal would never recur in the future.

Apparently, that seems to be a forlorn hope. To our chagrin, the financial fiascos keep coming, hitting Malaysia’s economy. At the moment, the nation is being hit by its latest brand of financial hurricane - the FashionValet scandal.

The local e-commerce platform FashionValet Sdn Bhd was founded by entrepreneur and influencer Vivy Sofinas Yusof and her husband.

It is unclear whether these two individuals truly possessed the necessary entrepreneurial skills, vast or sufficient experience, and business acumen before they were allowed to venture into a business with the support of two giant government-linked investment companies...