INSPECTOR-General of Police Datuk Seri Mohd Khalid Ismail has said allegations linking the Malaysian Anti-Corruption Commission (MACC) to a so-called “corporate mafia” are inappropriate and should not be made lightly, stressing that current investigations have found no evidence of such involvement.
He said police inquiries into the matter, which has been linked to businessman Victor Chin, have so far not established any connection involving MACC officers.
“Allegations such as these (including linking the MACC to a corporate mafia) should be made with restraint. We will continue our investigation based on the information available,” he told reporters at a press conference at Bukit Aman on Friday.
The allegations first surfaced in a Bloomberg report in late February, which triggered calls for a Royal Commission of Inquiry to investigate claims of a network involving business figures and enforcement officers allegedly using raids and investigations to pressure executives into selling stakes in targeted companies.
Following the report, the Cabinet instructed multiple agencies, including the police, Securities Commission, MACC and the Inland Revenue Board, to carry out a comprehensive investigation without limiting the scope to individuals already under scrutiny.
Mohd Khalid said investigations into the alleged “corporate mafia” network are still ongoing, with several individuals identified, including some believed to be abroad.
“Investigations are still ongoing and individuals have been identified... some are overseas and some are in the country,” he said.
“The instruction received is to continue investigating these corporate mafia allegations. There are several individuals we need to call in to assist the investigation,” he added.
He said cases involving suspects outside Malaysia would require cooperation between governments and relevant enforcement agencies.
“When it involves foreign countries, it requires cooperation between ‘G2G’ (government to government) as well as between agencies. We will continue investigations in accordance with existing procedures,” he said.
On March 30, police confirmed that Chin was among 10 individuals detained in a special anti-money laundering operation known as Op Viking.
According to Bukit Aman AMLA investigation team chief Datuk Fazlisyam Abd Majid, Chin was detained in December last year and later released on police bail, but may be recalled for questioning if required.
Authorities said the investigation involves multiple individuals suspected of laundering money through various methods, including the acquisition and ownership of listed and private companies.
The operation also led to the seizure and freezing of extensive assets, including eight properties, 32 vehicles, 1,100 shares in two private companies, CDS accounts worth RM323.59 million, trading accounts amounting to RM64.25 million, and 404 bank accounts involving RM85.62 million.
Earlier, on March 16, police said they had raided several premises linked to Chin over alleged corporate manipulation tied to the broader investigation.
More recently, Chin reportedly filed a lawsuit against what he described as a “corporate mafia” group. - April 10, 2026
