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CORPORATE figure Victor Chin Boon Long today called on the police to explain why PDRM and the Securities Commission raided his premises on March 13.
“My residence was raided as part of an ongoing investigation, during which three vehicles belonging to my company, together with other properties and valuables, were seized in relation to the matters being investigated.
“I wish to emphasise that I have fully cooperated with PDRM by returning to Kuala Lumpur on Dec 29, 2025, on their request and directions, to answer allegations related to these corporate mafia allegations,” he said in a statement issued by his lawyers.
He said he provided a full statement to the police and was remanded by the Bukit Aman Anti-Money Laundering (AMLA) Special Task Force for three days.
“Following that, I was released. Here is my question. I have fully cooperated with the authorities and gave my statement to the AMLA investigators, clearly explaining my role and my position in this matter, which PDRM should be aware of.
“The police know my whereabouts and have the means to get in touch with me at any time. So why is there a need to raid my house?” he asked.
Chin said this has now created an unhealthy environment based on baseless allegations made against him.
“To ensure the truth is properly presented, I have appointed Krish Maniam & Co. Advocates & Solicitors as my legal counsel.
“All evidence and supporting documents demonstrating that I am not involved in any of the alleged Corporate Mafia activities will be lodged with my legal counsel after March 19, 2026,” he added.
Yesterday, Inspector-General of Police Datuk Seri Mohd Khalid Ismail said the raids on several premises linked to Chin were part of an ongoing investigation into alleged “corporate mafia” activities involving forced company takeovers.
The investigation is being conducted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The investigation follows a directive issued by Cabinet last week ordering several agencies, including the police, the Securities Commission, the Malaysian Anti-Corruption Commission and the Inland Revenue Board, to examine allegations of corporate manipulation linked to a so-called “corporate mafia”.
The instruction came amid mounting calls, including from senior government figures, to establish a royal commission of inquiry to investigate the claims. – March 17, 2026