In a statement, Chin said the man, named as the first defendant, used his influence to apply enforcement pressure against the company’s leadership and shareholders, including via investigations under Bukit Aman’s anti‑money laundering special task force.
He claimed this pressure led to bank and Central Depository System (CDS) account freezes, remand of individuals linked to the firm’s shareholders, and threats against companies holding substantial shareholdings in the firm, a publicly-listed entity.
Based on the case number provided by Chin, the matter is scheduled for e-review before Kuala Lumpur High Court deputy registrar Adira Adnan on May 5 at 9am.
On March 30, police confirmed that Chin was among 10 people detained on suspicion of involvement in money laundering activities under a special operation codenamed Op Viking.
Bukit Aman Anti-Money Laundering and Anti-Terrorism Financing (Amla) investigation unit chief Fazlisyam Abd Majid said Chin was detained in December last year and had since been released on police bail although he might be recalled if necessary.
He said the case involved several people suspected of committing money laundering offences through various methods, including the acquisition or ownership of publicly-listed companies on Bursa Malaysia, as well as private companies.
The operation resulted in the freezing and seizure of various assets, including eight properties, 32 vehicles, 1,100 shares in two private limited companies, CDS accounts totalling RM323,588,293, trading accounts amounting to RM64,246,417, and 404 bank accounts holding RM85,624,528.
On March 16, police confirmed that they had raided several premises belonging to Chin, who was alleged to be involved in corporate manipulation allegedly linked to the Malaysian Anti-Corruption Commission (MACC).
The MACC corporate manoeuvre allegations first surfaced in a Bloomberg report in late February, prompting calls for a royal commission of inquiry.
The report alleged that a network of businessmen and MACC officers used raids and investigations to pressure executives into selling shares in targeted companies, forcing takeovers.
The Cabinet has since ordered the police, Securities Commission, MACC and the Inland Revenue Board to conduct a thorough probe into the claims without limiting the scope to people currently under scrutiny.
I’m ready to tell all, says Chin
Chin added that he would disclose all relevant information if required under the proper legal framework, including a royal commission of inquiry.
“It is only through such a formal process that I am able, and obligated, to share in full and in detail what I know,” he said.