Chinese nationals have come here to file police reports against questionable investment scheme operators, now a Taiwanese is here.
A Taiwanese representing 50 investors has lodged a police report in Kuala Lumpur against JJPTR. The probe will be handled by Penang police, according to state police chief Commissioner Chuah Ghee Lye on Wednesday.
“The case will be investigated under Section 420 of the Penal Code for cheating. But of course, this will be under the guidance of the federal police.
“Penang police will be doing the bulk of the investigations, together with the task force led by the attorney-general,” Chuah said.
This report by the Taiwanese is the latest in a string of reports on JJPTR’s founder Johnson Lee, who was previously investigated for cheating by the Bukit Mertajam, Taiping and Klang police.
Lee was last remanded by Taiping police on May 23.
According to his lawyer, he had to report to the Taiping district police headquarters on a “regular basis”.
However, rumour has it that Lee has gone missing without a trace since his release from police custody.
JJPTR’s website cannot be accessed while the only activities on its Facebook page are posts by several members blasting JJPTR and demanding refunds.
JJPTR gained notoriety in the past two months after it alleged that its funds had been siphoned off by “hackers”. Police, however, found no evidence of this.
A Bukit Aman CID team arrested Lee and two associates in Klang on May 16.
The trio were remanded until May 19 and released. They were re-arrested and transferred to Penang, where the first police reports were lodged against them.
After Penang police failed to get a remand order against them, police re-arrested them and transferred them to Taiping, where another police report had been made.
Established in 2015, promising returns as high as 20% a month, JJPTR is said to have cheated thousands of members of up to RM1.7 billion.
BNM Flags More Unapproved Firms
Meanwhile, Bank Negara Malaysia (BNM has added another 14 firms and websites to its Financial Consumer Alert list, which means they are neither authorised nor approved under the relevant laws and regulations.
The additions are:
- CYL Asia Enterprise
- CYL Peoria Enterprise
- CYL Prospect Trading
- CYL4U Resources
- JJ Commerce Trading (SA0399365P)
- JJ Online Enterprise (SA0399360K)
- L & L Property Ventures SB (1186992T)
- Mama Captain International
- Nahana Global Resources (00211411-M)
- New Gen Food Sdn Bhd (1186962X)
- NGR Asia Group Sdn Bhd ( 1138129-M)
- NGR Global Sdn Bhd (UT0004411-H)
- Relax Green Enterprise (PG0415537X)
- Richway Green Venture (PG0406414M)
The additions increased the list to 334 companies as BNM steps up its surveillance of companies and websites that are allegedly operating money games and pyramid schemes.