KUALA LUMPUR (March 26): After claiming that a PKR member of Parliament was paid RM9.5 million to resolve troubles related to the "corporate mafia", businessman Victor Chin Boon Long is now saying that the payment was not a bribe but a "service fee". The payment was not made to close any investigation or settle allegations of wrongdoing against Chin, he said in a statement on Thursday. Rather, Chin said it was a “service fee” made in an “extreme” situation in order to stop “hostilities” against the people believed to be associated with him. He also alleged that a PKR MP had solicited RM10 million from him to resolve his problems, of which RM9.5 million was purportedly paid. “I was under significant duress from the corporate mafia gang,” Chin said.

Source: The Edge Markets March 26, 2026 05:43 UTC