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. In a statement Thursday (March 19), Chin claimed that the police actions created a situation where “anyone who knows” him risks having their bank accounts frozen. Chin claimed that many affected accounts were linked to legitimate business activities and fundraising exercises approved by Bursa Malaysia. Despite this, he claimed enforcement actions, including raids and account freezes, were carried out without sufficient due diligence and had impacted innocent parties. Separately, Chin apologised to friends, business associates and investors who he said had been affected due to their association with him.

Source: The Star March 19, 2026 18:48 UTC