Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

ROS LBoard 1

Why is Gerakan getting involved with JJPTR?

May 11, 2017

The way I see it, yesterday's Gerakan-organised event, where JJPTR refunded OKU investors, is to regain public trust in what could be termed a ponzi-like scheme.



I just read a report about JJPTR refunding the investments made by 100 investors comprising people with disabilities (OKU) at a press conference in Kuala Lumpur yesterday.

According to the report, the event was facilitated by Gerakan, a component of the Barisan Nasional and the government.

The first thing that came to my mind is why is JJPTR only refunding the investments from 100 OKUs? Why no refunds to other investors, including the poor, single mothers or the elderly?

And why is Gerakan, a part of the BN, involved in publicising the refunds? Is it trying to create a good image for JJPTR?

It’s obvious that the publicity intended from such a refund is to regain public trust in what could be termed a ponzi-like scheme. Some may even call it a ponzi scheme.

In the end, the public will continue to support the scheme and the public will suffer greater loss. Is this what Gerakan and the BN want?

I have personally seen how “ponzi” schemes have damaged the lives of families and the elderly who have invested their life savings in them.

Innocent people are made to suffer because of the greed of a few. Even the government is going all out to weed out these “ponzi” schemes.

So, why is Gerakan getting involved in trying to give an image lift to JJPTR?

I hope Prime Minister Najib Razak will do something about these “ponzi” schemes and make sure no BN component supports it.

WS Teoh is an FMT reader.

With a firm belief in freedom of expression and without prejudice, FMT tries its best to share reliable content from third parties. Such articles are strictly the writer’s (or organisation’s) personal opinion. FMT does not necessarily endorse the views or opinions given by any third party content provider.


JJPTR refunds money to 100 investors, more on the way


Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.