Kuala Lampur, March 5 -- Cosmetics entrepreneur Datuk Seri Hasmiza Othman, better known as Datuk Seri Vida, has reportedly failed to set aside a RM15.5 million default judgment obtained by Maybank Islamic over outstanding loan facilities.

High Court judge Norsharidah Awang dismissed the application by Vida and her company, Vida Beauty Sdn Bhd, after finding that the judgment had been properly obtained and that the applicants failed to show any bona fide defence, according to a report inBerita Harian.

Court documents cited by the report state that the dispute arose from two Commodity Murabahah Term Financing-i (CMTF-i) facilities totalling RM8.946 million granted to Vida Beauty in October 2017 with a 15-year repayment period, for which V...