Victor Chin now says RM9.5 mil wasn’t a bribe, but ‘service fee’ to corporate mafia
KUALA LUMPUR (March 26): After claiming that a PKR member of Parliament was paid RM9.5 million to resolve troubles related to the "corporate mafia", businessman Victor Chin Boon Long is now saying that the payment was not a bribe but a "service fee".
The payment was not made to close any investigation or settle allegations of wrongdoing against Chin, he said in a statement on Thursday. Rather, Chin said it was a “service fee” made in an “extreme” situation in order to stop “hostilities” against the people believed to be associated with him.
“I was told that the payment of RM9.5 million would be passed to the corporate mafia gang in order to make them happy, stop the hostilities against my people, and also give me a second chance to live,” Chin said.
The statement comes after Chin alleged on Tuesday that an executive director of HeiTech Padu Bhd (KL:HTPADU), whom he identified only as 'Mr R', acted as a middleman for the gang seeking to seize control of NexG Bhd (KL:NEXG) and its related shareholdings.
Chin said the group had used pressure, coercion, and restrictions on shareholders to force their hand. NexG is the sole supplier of Malaysia's passport booklets and identity cards.
He also alleged that a PKR MP had solicited RM10 million from him to resolve his problems, of which RM9.5 million was purportedly paid. Chin also issued an ultimatum to the unnamed PKR MP, demanding the return of the funds for failing to deliver on the deal, or face public exposure.
“I was under significant duress from the corporate mafia gang,” Chin said. “They were pressuring and forcing me into surrendering my shares for free to them.”
Chin has been in spotlight after international news agency Bloomberg published an article claiming that the Malaysian Anti-Corruption Commission (MACC) was being used by a group of businessmen dubbed "corporate mafia" to seize control of listed companies.
The MACC denied allegations in the report and Chin has also denied being part of the scheme while repeatedly describing himself as a victim.
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