JOHNSON Lee, the founder of JJPTR (JJ Poor to Rich), and two of his aides arrested with him are expected to be remanded in Penang tomorrow. 

Lee, 28, and company will be produced in the Bukit Mertajam court on mainland Penang for the remand order, state police chief Commissioner Chuah Ghee Lye said. 

He said Lee should be in Penang by this evening as he had been first taken to Perak because there was a report filed against him there.

“Then he will be taken to the Bukit Mertajam court tomorrow to be remanded for investigation, as a report was also lodged there. 

“He will remain in police custody the whole time,” he told The Malaysian Insight. 

This means that Lee will be missing the JJPTR vegetarian dinner he is expected to attend tomorrow evening at Berjaya Times Square in Kuala Lumpur.

Chuah said Lee might be sent to other states later for investigation if reports were filed there.

He said he was not sure about Lee’s two aides who were arrested with him earlier this week. 

Chuah added that police were aware of other money game platforms in Penang but did not have grounds to initiate investigations if the victims did not file reports.

Lee and two of his aides were arrested in Petaling Jaya on Tuesday. The trio’s remand order expired yesterday.

He and his company are under investigation for fraud. 

JJPTR had offered a 20% monthly return on investment in its forex scheme. It was reported that hundreds of thousands had signed up for the scheme since it was launched two years ago. 

The scheme fell apart late last month when Lee alleged that JJPTR trading accounts were hacked, causing losses of RM1.7 billion. He then told investors he would gradually refund them. 

Last Friday, following several police reports, JJPTR offices in Penang were raided by various authorities including the police and Bank Negara Malaysia. Bukit Aman said it had also frozen five JJPTR bank accounts. 

After the raid, Lee – in a message sighted by The Malaysian Insight on Monday – told investors that the accounts were empty as he had moved the funds. He assured them that he had money to continue the refunding exercise. 

Today, The Star Online reported that police investigations suggested JJPTR had moved money overseas. 

The portal quoted police sources saying there was no evidence to show the company’s computers had been hacked as Lee claimed.

Police also said JJPTR was not involved in forex trading as claimed. – May 18, 2017.