KUALA LUMPUR — PKR vice president Datuk Seri R. Ramanan has strongly rejected allegations tying him to a so-called “corporate mafia” scandal, describing the claims as a baseless narrative aimed at damaging reputations and destabilising the party.
He said the accusations, linked to businessman Victor Chin, were nothing more than a “dirty narrative” and likened the situation to a “comedy novel”, insisting he had never met or communicated with Chin.
Ramanan, who is also Sungai Buloh MP, went further to label Chin a “corporate devil who has no mercy”, alleging that the claims were part of a calculated attempt to seek political asylum in the United Kingdom.
He also criticised former PKR deputy president Datuk Seri Rafizi Ramli for amplifying the allegations, calling him a “failed minister” and accusing him of attempting to tarnish the government and create division within the party.
Dismissing claims that he was involved in any transfer of RM9.5 million in alleged bribes, Ramanan challenged his accusers to produce evidence, stressing that any transaction of such magnitude would have immediately been flagged by regulators.
“Come back to Malaysia if you are truly innocent,” he said, directly addressing Chin and urging him to face legal scrutiny rather than remain overseas.
“This is a dirty narrative to tarnish PKR, its MPs and the government. If there is evidence, then show the proof.”
“This is not some comedy court, if you come up with statements, you are doing it willy nilly,”
Ramanan added that he had instructed PKR members in Sungai Buloh to lodge police reports to prompt investigations into the matter.
He also issued a challenge to his accusers, stating: “I challenge someone to name me,” adding that he would immediately initiate a defamation suit if he is explicitly identified as the individual referred to as “Mr. R”.
Addressing what he described as a pattern of shifting claims, Ramanan questioned Chin’s credibility, pointing out that the businessman had previously alleged investigations involving multiple enforcement agencies, including the Anti-Money Laundering Act (AMLA), the Malaysian Anti-Corruption Commission (MACC), Bank Negara Malaysia, and the police.
“Everyday is a different story,” he said, questioning why such allegations were being taken seriously despite what he described as numerous police reports linked to Chin’s companies.
He also raised concerns over Chin’s financial background, claiming that the businessman had hundreds of bank accounts, and questioning the legitimacy of such operations.
“How much tax has he paid to have these kinds of companies?” Ramanan asked, suggesting that the claims were an attempt to portray Chin as a victim.
Ramanan further alleged that the narrative was part of a strategy to gain sympathy while attempting to undermine the government.
The Human Resources Minister said he had directed his deputy branch chief to file a police report and reiterated his readiness to pursue legal action if necessary.
He also cautioned that silence in the face of such allegations would only encourage further speculation and misinformation.
The so-called “corporate mafia” claims involve accusations that senior Malaysian Anti-Corruption Commission officers orchestrated intimidation tactics against executives and shareholders of listed companies, allegedly forcing them to resign or sell shares at undervalued prices to connected individuals.
However, the MACC has firmly denied the allegations, describing them as an attempt to undermine its credibility and ongoing enforcement efforts. The agency maintained that the claims were baseless and likely originated from an anonymous online source lacking accountability.
On March 16, police confirmed conducting raids at several premises linked to Chin in Kemensah and Sungai Long, Kajang, in a joint operation with the Securities Commission under the AMLA framework.
Inspector-General of Police Tan Sri Mohd Khalid Ismail said the raids were part of an ongoing investigation.
Meanwhile, Chin has continued to call for authorities to uncover the truth behind the allegations, urging a thorough probe into the matter.
Rafizi, who has also been drawn into the controversy, quipped that he was not the one who received the RM9.5mil, responding succinctly on social media: “Bukan saya,” while jokingly adding that he would address the issue after the festive period.
Rafizi has also cautioned that the broader allegations are serious, warning that they suggest possible collusion between enforcement agencies and external actors — a claim he said should not be taken lightly.
He stressed that the issue extends beyond individuals, pointing instead to the intersection of illicit funds, enforcement, and politics, which he warned could compromise national integrity if left unchecked. – March 25, 2026