DAP gives 48-hour ultimatum to investment company boss
Segambut MP Lim Lip Eng criticises JJPTR founder Johnson Lee for failing to show up for a meeting today, says action will be taken if he continues to hide.
“This incident is ‘funny’. When a large amount of money is allegedly stolen from a bank account, any normal person would lodge a police report, demanding an investigation.
“But Johnson Lee did not do so and instead told his investors not to seek the authorities’ help. This raises suspicions as to whether the money was taken out by hackers, as he claimed,” Lim told a press conference at Alam Damai, Bandar Tun Razak here today.
Lim also asked if Lee was covering up for his family members, the company shareholders, or his girlfriend in the “hacked” RM500 million claim.
“Another possible reason would be that he himself had taken the money and made up reasons that hackers stole RM500 million from his company.”
Following reports that JJPTR’s company account had been hacked, Lee said in a Facebook post that he had a plan to repay his investors across the world by the middle of next month.
News that the funds had been hacked from the bank account received mixed reactions from JJPTR investors, with some in distress over the loss of their money. Others meanwhile said they would continue to invest in JJPTR.
Lim, along with his assistant, Yew Jia Haur, and Selangor DAP committee member Ronnie Liu were supposed to meet JJPTR’s representatives at the company’s office here.
However, the office was closed today and no one from JJPTR was present.
Mocking Lee’s slogan based on the company name, Lim called his team “ZZJJPTR” or the “true saviours for the common people” in Mandarin. He added that as an MP, he had the duty to protect the interests of investors.
“We, the ‘ZZJJPTR’ demand JJPTR, Johnson Lee and his agents show up at the police station or come and meet us within 48 hours to explain the hacked money.
“If they fail or refuse to do so, ‘ZZJJPTR’ will take further action with the help of the authorities,” Lim said, without elaborating on the action he would take against Lee.
The initials of Lee’s company, JJPTR, stand for “jie jiu pu tong ren” which means “salvation for the common people” in Mandarin.
JJPTR, JJ Poor to Rich and JJ Global Network, are the three forex trading entities listed on the website, www.jjptr.com.
However, it was reported that the three companies were among 288 other entities and individuals on Bank Negara Malaysia’s Financial Consumer Alert list as of Feb 24.
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Members of JJPTR are asked to invest between US$25 and US$1,000 (RM110 and RM4,400) and promised a monthly return of 20%.