Businessman Victor Chin currently abroad, say cops

2026-03-19 - 07:21

Inspector-General of Police Khalid Ismail said police have identified several matters requiring action under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. (Bernama pic) PETALING JAYA: Corporate figure Victor Chin, accused of involvement in manoeuvres to force company takeovers allegedly involving Malaysian Anti-Corruption Commission (MACC) officials, is currently abroad, say police. Inspector-General of Police Khalid Ismail said police are intensifying efforts to track down Chin with cooperation from overseas authorities. “We have found several matters requiring action under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (Amla). Everyone is aware that he is currently abroad,” Bernama reported him as saying today. On Monday, Bukit Aman confirmed that police raided several premises belonging to Chin in Kemensah, Selangor, and Sungai Long, Kajang. Chin and his wife were not present during the raids. Khalid said the raids were conducted under Amla in a joint operation with the Securities Commission Malaysia (SC), and that the investigations involved allegations of corporate misconduct and money laundering. Last week, the Cabinet ordered the police, SC, MACC, and the Inland Revenue Board to investigate allegations that certain MACC officials were involved in manoeuvres to force company takeovers. A Bloomberg report alleged that these officers provided intimidation “services”, such as raids and investigations, to pressure executives in targeted companies into selling shares, thus forcing company takeovers.