Monday 22 Apr 2024
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KUALA LUMPUR (Mar 8): Royal Malaysia Police has launched an investigation into businessman Victor Chin Boon Long’s alleged involvement in misappropriating RM30.7 million in Caely (M) Sdn Bhd, a subsidiary of Caely Holdings Bhd which is now known as Classita Holdings Bhd.

In a statement on Wednesday (March 8), deputy commissioner of police Datuk Noorsiah Mohd Saadudin said the police have opened an investigation paper following a media report alleging Chin as making use of enforcement authorities in taking control over Malaysian corporates.

“The case is being investigated under Section 409 of the Penal Code, which is criminal breach of trust by agents,” said Noorsiah.

Noorsiah also revealed that a report was lodged on Sept 21, 2022 under Section 201 of the Penal Code, which is in relation to the offence causing the loss of information about another offence committed, or giving false information about the offence in order to protect the offender from the law.

Both of these investigation papers — under Section 409 and 201 of the Penal Code — have been submitted to the Attorney General’s Chambers on Feb 27, 2023 for further instruction, said Noorsiah.

Classita has been embroiled in a series of boardroom tussles following a freeze on the company’s accounts by the Malaysian Anti-Corruption Commission in April last year.

Edited BySurin Murugiah
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