KUALA LUMPUR: The Malaysia Corruption Watch (MCW), a governance-focused group, calls for greater transparency at NexG Bhd, following allegations linked to Victor Chin Boon Long that have drawn wider attention.
MCW said the matter may extend beyond corporate considerations, noting the company’s involvement in systems connected to national identity and certain public-sector-linked infrastructure.
The group has lodged a police report and submitted a memorandum to NextG CEO Abu Hanifah Noordin, urging the company to provide a clear, transparent response.
Concerns were raised over the possible misuse of about RM303.7 million during Chin’s tenure as chief operating officer between November 2024 and September 2025.
The transactions involved were described as warranting further review by the relevant authorities and the company’s board.
MCW noted that the size of the sum involved may raise broader questions about internal controls, governance processes, and oversight.
For public-listed companies, MCW said major financial decisions are typically subject to multiple levels of approval.
It was also observed that a limited or unclear response could affect perceptions of accountability, with potential implications for investor confidence and overall market sentiment.
The situation has attracted increasing attention as developments continue to be monitored by authorities, while interest from investors and civil society groups has grown.
Discussions have also touched on governance practices, related-party transactions and the effectiveness of internal safeguards.
For the market, the developments are being viewed as part of a broader conversation on governance standards and institutional accountability.
The company’s response, particularly in addressing the RM303.7 million matter, is expected to be closely followed as an indication of its approach to governance and stakeholder confidence.
