In­vestors hope to get money back fol­low­ing ar­rests

New Straits Times - - News -

GE­ORGE TOWN: In­vestors hoped that po­lice could shed more light and re­cover money they en­trusted to con­tro­ver­sial for­eign ex­change trad­ing com­pany JJ Poor To Rich (JJPTR).

Sib­lings Tan Mei Yun, 45, and Tan Mei Siew, 47, said ex­cuses given by JJPTR founder John­son Lee on why in­vestors were not paid the promised re­turns were “sus­pi­cious”, and ex­pressed re­lief that po­lice are now in­volved.

Mei Siew, who in­vested RM40,000 in the scheme, said she found it hard to be­lieve the claim made by Lee that he lost US$400 mil­lion (RM1.73 bil­lion) af­ter the firm’s ac­counts were hacked.

“A com­pany that op­er­ates a mul­ti­mil­lion dol­lar busi­ness would surely be equipped with se­cu­rity mea­sures to stave off hack­ers.”

Mei Yun said she hoped po­lice could trace the money and re­turn it to in­vestors. She in­vested RM25,000 into the scheme.

Checks by the New Straits Times at one of its of­fices in Jalan Perak here yes­ter­day showed that it had been closed.

Neigh­bour­ing busi­ness op­er­a­tors claimed the of­fice had been closed since last Fri­day af­ter sev­eral work­ers were taken in fol­low­ing a raid by Bukit Aman Com­mer­cial Crimes In­ves­ti­ga­tion De­part­ment (CCID), Bank Ne­gara Malaysia and Com­pa­nies Com­mis­sion of Malaysia.

A food op­er­a­tor, two shops away, said she had not seen any work­ers at the of­fice since last Fri­day’s raid.

“Also, I hardly see any in­vestors coming to the of­fice to make en­quiries these days,” she said.

State po­lice chief Datuk Chuah Ghee Lye said po­lice were still await­ing de­tails of the in­ves­ti­ga­tion from Bukit Aman fol­low­ing the ar­rest of Lee, his right-hand man and per­sonal as­sis­tant in an op­er­a­tion in Petaling Jaya yes­ter­day.

Asked if more raids would be con­ducted, he said it all de­pended on the in­ves­ti­ga­tion led by the fed­eral po­lice’s CCID.

In Kuan­tan, In­dera Mahkota MCA Youth chief Quek Tai Seong said busi­ness­men and land de­vel­op­ers were among in­di­vid­u­als from Pa­hang who had in­vested with JJPTR.

Quek said frus­trated in­vestors had con­tacted him over the past few days seek­ing an­swers on the fu­ture of the scheme and their in­vest­ments.

“Peo­ple have been ask­ing me what should they do, and my ad­vice was sim­ple: Lodge a re­port.

“How­ever, many seemed re­luc­tant to do so and hoped to re­gain their money,” said Quek.

“Even when they were re­minded to be wary of such schemes, there are some who were pre­pared to in­vest in other schemes, say­ing if they were among the early in­vestors, they stand a higher chance to gain profit be­fore any­thing hap­pens to the busi­ness.”

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