NexG Row: MCW Presses CEO to Act Transparently, Avoid Perception of Shielding Alleged Misconduct
KUALA LUMPUR: Malaysia Corruption Watch (MCW) has urged NexG Berhad’s chief executive Abu Hanifah Noordin to ensure an internal probe proceeds without delay into allegations tied to former chief operating officer Victor Chin Boon Long, cautioning that inaction could give rise to perceptions of a cover-up.
The advocacy group submitted a memorandum to the company following a police report on the matter, calling for greater transparency and accountability from the firm’s leadership.
MCW president Jais Abdul Karim said decisive action is critical given NexG’s involvement in supplying key national identification systems, including MyKad and related documentation, to the Jabatan Pendaftaran Negara.
Public interest demands clarity
Jais stressed that the company must address the allegations openly to protect its credibility and reassure stakeholders.
“Beyond shareholders, the public has a right to know the truth, especially when taxpayer-funded contracts are involved,” he said, adding that unresolved claims could erode confidence in institutions linked to essential national services.
Alleged misuse of funds under scrutiny
The memorandum outlines claims of misappropriation amounting to RM303.7 million during Victor Chin’s tenure between November 2024 and September 2025.
The issue has intensified following remarks by Human Resources Minister R Ramanan, who publicly distanced himself from the controversy and described Victor Chin in strongly critical terms.
Share dealings and ongoing investigations
The controversy also involves share transactions linked to Victor Chin’s wife, Chan Swee Ying, who reportedly disposed of a 9.53 per cent stake—equivalent to 220 million shares—worth RM88.22 million to NexG.
Meanwhile, Home Minister Saifuddin Nasution Ismail has confirmed that enforcement agencies are actively tracking Victor Chin over alleged links to a corporate takeover syndicate.
Analysts say the case highlights the growing scrutiny on corporate governance and the expectation for firms handling public contracts to uphold the highest standards of integrity and transparency.
-wilayah.com.my
