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JJPTR founder, aides rearrested, taken to Penang

 | May 20, 2017

Penang cops to investigate trio over reports submitted by investors into forex investment scheme which Bukit Aman says received up to RM1.7 billion in investments.

Mohd-Yusoff-MamatjjptrPETALING JAYA: Following the end of their remand extension, JJ Poor to Rich (JJPTR) founder Johnson Lee and his two key aides in the investment scheme were released on police bail in Klang yesterday, The Star reported.

However their freedom was shortlived as they were rearrested soon after as Klang police acted on behalf of their Penang counterparts.

According to North Klang OCPD Asst Comm Mohd Yusoff Mamat the three men would be handed over to Penang police for “their side of the investigation into the money game scheme”.

The lawyer for the three men later informed media that his clients were to be taken to Penang today.

Lee and his associates were arrested by federal police from the commercial crimes investigation department (CCID) in Kuala Lumpur and Klang on Tueday. Police said five of the JJPTR bank accounts were also frozen.

Their arrest followed a raid on May 12, in Penang, of JJPTR offices by officers from Bukit Aman’s Anti-Money Laundering squad, CCID, Bank Negara, the Companies Com­mission of Malaysia (SSM), Inland Reve­nue Department, National Revenue Recovery Enforcement Team and Cyber Security.

They were originally due to be released on Thursday, after their three-day remand ended, but police were able to get another day’s extension on the remand.

Knowing the end of the remand was due, media had gathered at the Bandar Baru Klang district police headquarters since yesterday morning but were only able to catch a glimpse of Lee and his aides in the afternoon, when they were taken in handcuffs into a police car.

According to the daily, the men were taken to the Kapar Indah police station to have their statements recorded.

Earlier this week, Bukit Aman CCID director Comm Acryl Sani Abdullah Sani said JJPTR had collected investments of up to RM1.7 billion, and that the trio were being investigated under Section 420 of the Penal Code for cheating.

Police also seized a Honda Accord, five handphones, documents on the JJPTR investment scheme, 11 credit and debit cards, and RM20,936 in cash from the trio.

JJPTR was thrust into the limelight after it claimed last month that its funds were siphoned off by “hackers”, resulting in the alleged loss of over US$50 million (RM217 million).

Investors had gone knocking on JJPTR’s doors when their 20% monthly returns were not banked into their accounts last month.

On April 27, the company promised to refund all investment funds collected from its 31,000 members.

Lee said this was made possible through the injection of capital by a new pool of foreign investors.

Meanwhile, The Star reported that a dinner scheduled to take place tonight at the Berjaya Times Square Hotel in Kuala Lumpur will proceed. This was confirmed by staff at the hotel.

The event, which is said to be attended by 1,000 people, with 100 tables already booked and paid for, was meant to be a celebration with JJPTR members and Lee due to attend as well.


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