PUTRAJAYA: Bukit Aman has confirmed raiding premises owned by businessman Victor Chin, saying the raids were conducted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, or Amla.
Inspector-General of Police Khalid Ismail said the raids were conducted in a joint operation with the Securities Commission (SC), adding that investigations involved claims of corporate misconduct and money laundering activities.
“(Raids) were conducted on several premises linked to Chin. The case is still under investigation.
“We still need more (information) to complete our investigations before I call for a press conference (on the case),” he said.
Earlier today, the corporate figure denied being involved in manoeuvres allegedly involving Malaysian Anti-Corruption Commission (MACC) officials to force company takeovers.
Chin said the use of “mafia tactics” to force takeovers did exist, but he insisted that he was a victim and not the perpetrator of such manoeuvres.
The MMAG Holdings Bhd executive director also welcomed calls for a royal commission of inquiry to be formed to investigate the allegations, expressing confidence it would clear him of any wrongdoing.
The police, SC, MACC and Inland Revenue Board are investigating claims that certain MACC officials were involved in manoeuvres to force company takeovers.
This follows a Bloomberg report alleging that these officers provided intimidation “services” such as raids and investigations to pressure executives in targeted companies into selling shares, thus forcing company takeovers.
