Police have confirmed that businessman Victor Chin Boon Long, who is alleged to be involved in corporate manipulation, is currently overseas.
KUALA LUMPUR: Police have confirmed that businessman Victor Chin Boon Long, who is alleged to be involved in corporate manipulation, is currently overseas.
Inspector-General of Police Datuk Seri Mohd Khalid Ismail said his department is intensifying efforts to track down Chin by seeking cooperation from overseas authorities.
“So far we are still conducting investigations and we have found that there are several matters that need to be taken action based on AMLA and everyone is aware that he is currently abroad,” he said in a press conference.
He added that efforts are currently being made to obtain cooperation from many parties.
On March 16, police confirmed they had raided several premises belonging to the corporate figure around Kemensah and Sungai Long, Kajang.
Chin and his wife were not at the locations during the raids.
Mohd Khalid said the raids, carried out jointly with the Securities Commission, were to assist in investigations under the Anti-Money Laundering Act.
Previously, Communications Minister Datuk Fahmi Fadzil said the Cabinet had instructed several enforcement agencies to continue detailed investigations into the issue.
He said appropriate legal action would be taken, including seizing proceeds believed to have criminal elements.
On February 11, Bloomberg reported allegations that a group of businessmen collaborated with several MACC officers to pressure corporate figures in takeover cases.
MACC chief commissioner Tan Sri Azam Baki has denied the allegations and filed a RM100 million lawsuit against Bloomberg.