Victor Chin claims a 'Mr R' acted as corporate mafia middleman; issues RM9.5m ultimatum to unnamed MP

Friday 25 Sep 2026

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KUALA LUMPUR (March 24): 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 unamed member of Parliament (MP) to return his money after failing to resolve his problems, or face public exposure.

In a 40-page statement released on Tuesday, Chin alleged the MP from PKR had requested RM10 million in cash from him in October 2025, claiming he could resolve Chin's legal troubles by speaking to the corporate mafia. Chin claimed he paid RM9.5 million of this sum but is now demanding a full refund as his problems were not resolved.

“Please return the RM9.5 million before March 30, 2026, or I shall expose your identity,” Chin warned.

After Mr A and Mr X, Chin talks about the role of 'Mr R'

Chin also detailed the alleged involvement of the intermediary he identified as "Mr R", claiming he had worked with the corporate mafia gang to gain control of NexG Bhd (KL:NEXG) and related shareholdings through pressure, coercion and the restriction of shareholders from freely dealing with their shares. NexG is the sole supplier of Malaysia's passport booklets and identity cards.

Chin alleged that he and his partners were subjected to threats, intimidation and repeated demands to "deliver shares", with instructions from Mr R and the corporate mafia gang dictating how these were to be done.

Chin said he had been in "repeated urgent contact" with Mr R when NexG's board was allegedly pressured by the corporate mafia gang to appoint their nominee directors to the NexG board.

Chin said he repeatedly asked Mr R to help, to speak to “him” and to intervene with “boss” — Chin did not disclose to whom he was referring to.

Chin alleged Mr R had in October last year asked whether the 150 million (4.3%) NexG shares under Trendtrove Tradin Sdn Bhd could be transferred. Trendtrove has been linked to NexG executive director Datuk Ab Hamid Mohamad Hanipah.

Chin also claimed that Mr R had asked about a "Tan Sri’s" NexG shares and which company they were under, alleging this Tan Sri had resigned as NexG executive director on Oct 14, 2025 and was warned by the corporate mafia gang to stop working with it.

According to Chin, the Tan Sri was pressured to surrender control of Skyelimit Alliance Sdn Bhd, which held about 271.36 million (7.57%) NexG shares. Skyelimit Alliance has been linked to NexG’s former executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman, who resigned from the board on Oct 14.

He alleged that both Trendtrove and Skyelimit were forced to change their company secretaries to be "under the control of Mr R", a move he claimed effectively placed both entities under the corporate mafia's control.

Besides this Mr R, Chin has spoken about a Mr A and Mr X who were working together to wrest control of NexG but failed. They were first brought up by NexG executive chairman Datuk Abu Hanifah Noordin in an interview with The Edge published earlier this month. Neither have disclosed the identities of Mr A and Mr X.

He also claimed Mr R could exert authority and control over the police and other regulatory bodies, saying Mr R had indicated he could give instructions to unfreeze accounts.

It is important to note that the allegations contained in Chin's statement are his personal claims and have not been independently verified. At the time of writing, neither HeiTech Padu nor the PKR leadership have issued a formal response to the allegations Chin raised.

Chin was formerly NexG's chief operating officer. He said he had been brought in by Abu Hanifah to help the company secure long-term government contracts. The company subsequently won government contracts worth over RM2.4 billion for passport and MyKad-related supplies.

Edited ByTan Choe Choe

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