PETALING JAYA: An investigating officer (IO) has lodged a police report over JJPTR, with a police source reportedly saying its founder, Johnson Lee, could also be detained to assist in an official probe into the investment scheme.
This followed news yesterday that the syndicate, which allegedly offered investment opportunities in a foreign exchange-based scheme, was believed to have pocketed RM1.7 billion from investments made by victims.
Penang police chief Comm Chuah Ghee Lye told The Star that an IO had lodged the report in Penang.
“The IO’s report was to enable him to conduct an investigation into the matter,” he was quoted as saying, adding however that he was unable to give further details about the case.
On May 12, authorities raided eight premises in Penang linked to JJPTR, detaining an investor and 19 employees. They were released after having their statements recorded.
Five JJPTR bank accounts have also been frozen following a multi-agency crackdown led by the Attorney-General’s Chambers.
JJPTR gained widespread media attention after it claimed that its funds were siphoned off by “hackers”.
This allegedly resulted in JJPTR losing over US$50 million (RM217 million) although unverified claims put the losses at more than US$400 million (RM1.7 billion).
Police said yesterday that they were tracking Lee down as he is believed to still be in the country. Chuah told The Star that police would detain him “if the need arises”.
According to the daily, a police source quoted in the China Press said that authorities could arrest Lee if he turned up at a JJPTR company dinner at Berjaya Times Square on Saturday.
“The police are looking for Lee as he is the key person in the case. If he fails to turn up to help in our investigation, we may pick him up at the dinner event,” the source reportedly told the Chinese daily.
A JJPTR employee meanwhile told The Star that Lee was expected to attend the dinner.
The 28-year-old was last seen in public on May 10, when the company refunded the money of 100 investors. Lee told the media that the payouts were only part of the first phase of repayments, adding that more investors would get their money back soon.
JJPTR’s money game investment scheme was established in 2015, promising returns as high as 20% a month to members.
A new scheme, announced earlier this month, promises 35% returns a month.