The fight for control of NexG Bhd (KL:NEXG) — the company which has a RM2.5 billion contract to supply passports, MyKads and other identification documents — has taken on a life of its own, with so many allegations and questions being raised on the supposed involvement of the authorities.

Businessman Victor Chin Boon Loong has made further allegations involving the suspected "corporate mafia", claiming an executive director of Heitech Padu Bhd (KL:HTPADU) was a key intermediary of the gang while issuing an ultimatum to an unknown member of Parliament (MP) to return his money after failing to resolve his problems, or face public exposure.

Businessman Victor Chin Boon Long, who has distanced himself from the ‘corporate mafia’ scandal, is calling on the police chief to act on the boardroom tussle over NexG Holdings Bhd (KL:NEXG) — the sole supplier of Malaysian passport booklet and identity cards.

PETALING JAYA: Businessman Victor Chin Boon Long claims that ongoing investigations have resulted in widespread account freezes affecting individuals and businesses linked to him, including those with no direct involvement in the probe.

Victor Chin Boon Long, who is entangled in 'corporate mafia' investigations, alleged that several accounts associated with him previously frozen by authorities have been “unfrozen” amid possible involvement of “high-level interference”.

Businessman Victor Chin Boon Long, snagged in ‘corporate mafia’ investigations, issued a public apology to Transport Minister Anthony Loke Siew Fook and former police chief Tan Sri Razarudin Husain. Chin said he apologised to Loke, expressing regret that photos of them at public events had been circulated and misused. He said he had met Loke at several events by MMAG Holdings Bhd (KL:MMAG) during his time as an executive director at the logistics firm.

KUALA LUMPUR (March 19): The Royal Malaysian Police has confirmed that businessman Victor Chin Boon Long, who is alleged to be involved in corporate manipulation linked to the Malaysian Anti-Corruption Commission (MACC), is currently abroad.

APART from control of the company, the boardroom tussle at NexG Bhd (KL:NEXG) is expected to revolve around a sum of RM303.7 million in expenditure incurred by the company between November 2024 and September 2025. The money was spent on the acquisition of a cybersecurity services compan...

DATUK Ishak Ismail, a well-known corporate player in the 1990s, is back on the scene, and his presence at NexG Bhd (KL:NEXG) seems to have ruffled the feathers of its board of directors. Raya Aviation Holdings Sdn Bhd — an air cargo company controlled by Ishak’s sons — became the larges...

（吉隆坡18日讯）NexG Bhd（KL:NEXG）宣布，随着7名董事离开了董事会，近期导致公司陷入亏损的股票投资巨额公允价值损失现已“结束”。

NexG Bhd (KL:NEXG) on Wednesday declared that the massive fair value losses from share investments that recently dragged the company into the red are now a "closed" matter, following a boardroom exodus that saw the departure of seven directors from the company after a brief power tussle.

（吉隆坡17日讯）MMAG控股（MMAG Holdings Bhd）（KL:MMAG）推迟宣布自去年10月以来冻结的几个银行账户，是因为这些银行账户并未对营运造成任何实质性影响。

Integrated supply chain management company MMAG Holdings Bhd (KL:MMAG) said it delayed announcing the freeze on several of its bank accounts since October last year, because it did not have any material impact on its operations. In a filing with Bursa Malaysia, it said the group’s operations continue smoothly, using unaffected bank accounts to meet its needs.

I, Victor Chin Boon Long, wish to state clearly and unequivocally that I am not a “corporate mafia” that has been portrayed in media reports, blogs, and various online narratives over the past few years.

KUALA LUMPUR (March 17): Victor Chin Boon Long, the businessman entangled in the "corporate mafia" investigations, on Tuesday questioned the need to raid his properties after he cooperated fully with authorities.

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Advancecon Holdings Bhd (KL:ADVCON) has appointed former inspector general of police (IGP) Tan Sri Razarudin Husain @ Abd Rasid as its new independent, non-executive chairman, with immediate effect.

Market player Victor Chin Boon Long on Monday explained his roles in a number of public listed companies, including NexG Bhd (KL:NEXG), NexG Bina Bhd (KL:NEXGBINA), MMAG Holdings Bhd (KL:MMAG), and Revenue Group Bhd (KL:REVENUE), after denying any involvement in an alleged scheme to intimidate company executives.

Market player Victor Chin Boon Long, who is linked to various public listed companies, has denied being part of the “corporate mafia” that has been portrayed in media reports, blogs and various online narratives over the past few years, but instead called himself a victim of it.

The Royal Malaysian Police (PDRM) confirmed on Monday that it had conducted inspections of several premises belonging to a businessman following allegations of corporate manipulation linked to the Malaysian Anti-Corruption Commission (MACC).