GEORGE TOWN: Johnson Lee, founder of the controversial investment scheme JJ Poor to Rich (JJPTR), is in Malaysia, contrary to rumours that he may have fled the country, police said today.
Penang Commercial Crime Investigation Department chief ACP Abdul Ghani Ahmad said Lee was still in the country as investigations on allegations surrounding the scheme are being wrapped up.
“We are done investigating Lee and we are gathering all evidence as we speak.
“There are a lot of things to be done, such as establishing the money trail and more,” he told reporters at the state police headquarters here today.
Ghani said 26 police reports have thus far been lodged in Penang on JJPTR, with three investigation papers opened on cheating and money laundering.
He said those who had participated in the JJPTR plan in Penang had in total claimed to have invested more than RM239,000 but only received RM30,000 in return.
Lee was remanded by Taiping police on May 23. His lawyer had said Lee had to report to the Taiping district police headquarters on a “regular basis”.
The scheme is alleged to have collected up to RM1.7 billion.
It gained widespread media attention last month after it was claimed that its funds had been siphoned off by “hackers” although police said they had found no evidence that JJPTR’s accounts had been hacked.
On May 16, a Bukit Aman Criminal Investigation Department (CID) team arrested Lee and two of his associates in Klang.
The arrests followed a raid on eight JJPTR offices in Penang on May 12, jointly conducted by the police, Bank Negara, the Companies Commission of Malaysia, Inland Revenue Board, National Revenue Recovery Enforcement Team and CyberSecurity, an agency under the science, technology and innovation ministry.
They were remanded until May 19 in Klang and released, before they were re-arrested and transferred to Penang where the initial police reports were made against them.
After Penang police failed to get a remand order against the trio, they were re-arrested and transferred to Taiping where another police report had been made.
JJPTR’s money game investment scheme was established in 2015 and promised returns as high as 20% a month to members.