Kuala Lumpur – Malaysia Corruption Watch (MCW) has lodged a police report demanding a full probe into RM303.7 million in suspicious transactions at NexG Bhd during Victor Chin Boon Long’s tenure as COO. Chin, now overseas, is under investigation by multiple agencies, while CEO Datuk Abu Hanifah Noordin faces calls for accountability.
NexG Scandal
The transactions, involving MMR Capital loans, Classita Holdings investments, and MMAG Holdings share acquisitions, raise governance concerns amid NexG’s heavy losses. Police raids earlier seized luxury assets linked to Chin. The scandal has rattled investors, with NexG shares hovering near record lows at 24.5 sen.
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