KUALA LUMPUR (Nov 3): The government has not ruled out establishing a Royal Commission of Inquiry (RCI) to investigate allegations of "corporate mafia" in Malaysia, provided there are sufficient grounds and a clear need for a more comprehensive investigation.
The Home Ministry (KDN), in a written parliamentary reply published on the Parliament portal, said any proposal to establish an RCI must be assessed based on whether further investigation is warranted and the specific scope of matters requiring examination.
“The government does not rule out such a move if there are clear grounds and a need for a more comprehensive investigation, supported by substantial factual evidence.
“The government will continue to ensure that allegations with merit are examined transparently and appropriate action is taken in accordance with the law, without fear or favour, regardless of the position or background of those involved," the ministry said.
It was responding to Khoo Poay Tiong (PH-Kota Melaka), who sought updates on investigations into the alleged corporate mafia and whether those believed to be the main perpetrators would be brought to court.
Khoo also asked whether the government was prepared to establish an RCI to address the matter.
KDN said that as of Sept 25, police had recorded statements from 70 individuals and frozen or seized assets, including eight properties, 11 vehicles, 417 Central Depository System (CDS) accounts and 70 share trading accounts involving approximately RM323.59 million.
Another 404 bank accounts involving approximately RM85.62 million were also frozen or seized.
“Through its Anti-Money Laundering (AMLA) Investigation Team under the Inspector General of Police's Secretariat at Bukit Aman, the Royal Malaysian Police (PDRM) launched Op Viking following information and intelligence relating to money laundering activities.
“An investigation paper was opened on Oct 14, 2025, under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613)," the ministry said.
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