Last year, fashion designer Datuk Jovian Mandagie was ordered by the High Court in Kuala Lumpur to pay RM10 million to two companies after failing to repay two “friendly loans” of RM5 million each. Prior to this, the business owner had announced that his brand, along with its parent company, Jovian Mandagie Group Sdn Bhd, would cease operations after 17 years.
The public figure filed an appeal against the High Court’s decision, but there had been no updates on the case until very recently. It has now been reported that the once-successful entrepreneur has been declared bankrupt. Here’s the story:
For context, it was revealed last year that Datuk Jovian had verbally requested…