PETALING JAYA: The RM9.5mil payment was not made to “kaw tim” any enforcement agency, nor was it to close any investigation or settle allegations of wrongdoing against him, says controversial businessman Victor Chin.
In a statement, Chin, who had previously alleged that a PKR MP had asked for RM10mil to resolve the issue against him, said it was a “service fee” paid in an extreme situation to stop hostilities against people believed to be associated with him.
“I was told that the payment of RM9.5mil 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.
“I was under significant duress from the ‘Corporate Mafia’ gang. They were pressuring and forcing me to surrender my shares to them for free,” he said on Thursday (March 26).
He claimed that, to achieve this, they were targeting his loved ones, business associates, companies, friends and even people who were simply assumed to be associated with him, leaving him with no choice.
Chin said he felt extremely guilty because these people were suffering simply because they knew him or knew of him.
“I made the payment in order to protect my people and my friends, and in the hope of ending their financial misery immediately.
“The payment of RM9.5mil was simply a reaction to get the ‘Corporate Mafia’ gang to stop their extreme measures,” he said, urging the setting up of a Royal Commission of Inquiry or any fair and independent investigation to uncover the full truth.”
