Malaysian businessman Victor Chin Boon Long on Tuesday denounced a police raid on his home tied to an expanding investigation into alleged “corporate mafia” activities, saying the move was unjustified because he had already cooperated with authorities. Chin said police and securities officials seized three company vehicles and other valuables during the March 13 search, which he described as heavy-handed.
The raid is part of a high-profile multi-agency probe into alleged corporate manipulation that has reportedly drawn in police, the Securities Commission, and the Malaysian Anti-Corruption Commission. The case gained wider attention after Bloomberg reported in February that a group of businessmen had allegedly worked with anti-corruption officials to pressure corporate figures during company takeovers, claims that MACC chief Azam Baki has denied and is now suing over.
