Who’s the real corporate mafia?
Victor Chin breaks his silence. Victim or mastermind?
I’m going to cut right to the chase with this one. Two parts to this newsletter (including a fact check exercise).
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Victor Chin broke his silence yesterday, three days after police and the Securities Commission raided his properties and seized vehicles belonging to his company.
“Yes, there is a corporate mafia in this country,” Chin said in an emailed statement to Bloomberg.
“But I am not the corporate mafia.”
His turnaround was fast: the raid happened on Friday and by Monday morning, Chin had a full seven-page statement ready for the newswire.
While the context has been intense scrutiny on his dealings over recent months, Chin’s response warrants closer examination: it was lawyered, measured, and perfectly timed.