KUALA LUMPUR: Businessman Victor Chin Boon Long, an individual alleged to be involved in a so-called "corporate mafia", has been linked to actionable matters under AMLA
Inspector-General of Police Datuk Seri Mohd Khalid Ismail said that investigations into Chin are being carried out under the Anti-Money Laundering Act (AMLA).
"We have found several matters that require action under AMLA and as everyone is aware, he is currently overseas.
"There are ongoing efforts to obtain cooperation from relevant parties in the investigation," he said at a press conference in Bukit Aman on Thursday (March 19).
On March 16, police said they raided several premises belonging to Chin in Kemensah and Sungai Long, Kajang.
The IGP said that the raid was conducted together with the Securities Commission (SC) for its investigation under AMLA.
Communications Minister Datuk Fahmi Fadzil had previously said that the Cabinet had instructed the police, Securities Commission, Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board (LHDN), to continue detailed investigations into issues of corporate manipulation.
ALSO READ: I am not involved in any kind of 'corporate mafia' tactics, says Victor Chin
In a statement Chin denied he was involved in forcing company takeovers linked to officials from the MACC.
The current MMAG Holdings Bhd executive director acknowledged that such "mafia tactics" in corporate takeovers existed but insisted he was a victim and not the orchestrator of such schemes.
Mohd Khalid also said several persons of interest in its investigation into international news agency Bloomberg are overseas.
"Further action will require government-to-government cooperation or via relevant agencies," he said.
He added police interviewed several Malaysian-based Bloomberg staff members at its office in the Petronas Twin Towers here on Feb 26.
