FORMER PKR deputy president Datuk Seri Rafizi Ramli stressed that the media and public had conflated two separate issues: the identity of “Mr R,” alleged to have liaised with Chin on behalf of a “boss” in the corporate dispute, and the separate claim that a PKR MP received RM9.5 million to settle the matter.
“Mr R does not refer to any PKR MP,” he emphasised, noting that he, Rodziah Ismail, and R Yuneswaran had already publicly denied involvement.
Rafizi made these comments against a 25-minute press conference on Thursday afternoon convened by PKR vice-president Datuk Seri R. Ramanan to address mounting speculation over allegations of a RM9.5 million payment to a PKR parliamentarian in connection with the NexG corporate dispute.
The briefing came after businessman Victor Chin, named in a Bloomberg report on ‘corporate mafia’ activity, claimed to have paid the sum to a PKR MP to resolve regulatory pressure over frozen bank accounts and shares.
Rafizi, in a Facebook post, described the dossier as a 40-page document submitted by Chin on 24 March, detailing the chronology of the NexG corporate crisis, naming those involved, and alleging misuse of enforcement institutions, including the police, Securities Commission, and Bursa Malaysia, by a group Chin described as a ‘corporate mafia’.
Public attention, however, has focused on the alleged RM9.5 million payment and the mysterious Mr R.
Rafizi explained that the purported recipient of the payment would have to meet specific criteria: seniority within PKR, close access to the Prime Minister and Home Minister, and a neutral or positive relationship with Farhash (referring to businessman Datuk Seri Farhash Wafa Salvador Rizal Mubarak), a central figure in the NexG dispute.
He also addressed the potential outcomes, noting that Chin had reportedly issued an ultimatum demanding the return of the funds by 30 March.
Rafizi said this could either confirm evidence of the payment or, if resolved privately, allow the matter to fade quietly.
Rafizi responded to personal attacks and emotional criticism, which included accusations of using social media campaigns to link him to the alleged bribe. He repeatedly cautioned the public against drawing premature conclusions based on speculation.
“The issue is not only the identity of Mr R but also the allegation that RM9.5 million was paid to a PKR parliamentarian to resolve this corporate crisis,” Rafizi said. “Social media speculation has led to confusion, which is why clarification was necessary.”
Rafizi had promised to disclose the true identity of Mr R at a later date, adding a light-hearted note that the revelation would follow festive celebrations.
The episode has captured national attention, underscoring the challenges of political transparency, the high stakes of corporate disputes in Malaysia, and the rapid spread of unverified claims through social media. - March 26, 2026
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