KUALA LUMPUR (March 17): Victor Chin Boon Long, the businessman entangled in the "corporate mafia" investigations, on Tuesday questioned the need to raid his properties after he cooperated fully with authorities.

Chin said he has given his statement to investigators two weeks before the raid that resulted in seizures of some of his assets and valuables on March 13, and authorities are aware of his whereabouts and contact information.

“So why is there a need to raid my house?” Chin asked. “Which authority will come next, and how many more agencies will be drawn into this matter?”

Chin has also appointed Krish Maniam & Co Advocates & Solicitors as his legal counsel, and again denied any involvement in the alleged scheme to intimidate company executives, according to a statement. He said he will also provide all evidence and supporting documents after March 19, 2026.

The investigations and authorities’ actions came after international news agency Bloomberg published an article claiming that the MACC was being used by a group of businessmen dubbed ‘corporate mafia’, including Chin, to seize control of public listed companies.

The MACC denied allegations in the report. However, the article has triggered demands by the public, civil society organisations, and even government backbenchers for a royal commission of inquiry into the country’s anti-graft agency.

During the earlier raid, the police and the Securities Commission Malaysia searched his residence and business premises, resulting in the seizure of three vehicles belonging to his company as well as other properties and valuables as part of the ongoing investigation.

According to Chin, he had earlier returned to Kuala Lumpur on Dec 29, 2025 at the request of police investigators to assist with the probe. He was subsequently detained for three days by investigators from Bukit Aman’s Anti-Money Laundering (AMLA) Special Task Force.

“I have already given my statement to the AMLA investigators, clearly explaining my role and my position in this matter,” he said. “AMLA knows my whereabouts and [has] the means to get in touch with me at any time.”

In a separate seven-page statement issued earlier on Monday, Chin acknowledged that a so-called “corporate mafia” may exist in Malaysia but insisted he was not involved in any such group.

“I am not a corporate mafia. I am not involved in any corporate mafia group attempting to take control of companies in Malaysia, nor have I orchestrated any corporate wrongdoing,” he had said at that time.

He also detailed his involvements in a number of public listed companies, including NexG Bhd (KL:NEXG), NexG Bina Bhd (KL:NEXGBINA), MMAG Holdings Bhd (KL:MMAG) and Revenue Group Bhd (KL:REVENUE), while reiterating that he was not involved in any intimidation or corporate manipulation activities. 

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