PETALING JAYA: JJ Poor To Rich (JJPTR) founder Johnson Lee and two of his aides are expected to be released on police bail later Friday.
However, North Klang OCPD Asst Comm Mohd Yusoff Mamat said the trio would then be handed over to Penang police.
"They will be released on police bail as their remand ends today.
"However, the three suspects will then be handed over to Penang police for their side of the investigation into the scheme," he told The Star.
The three men were detained on Tuesday morning and initially remanded until Thursday.
Police had then requested a three-day extension but were granted only one additional day, a period that ends Friday, said the JJPTR trio's lawyer Mohd Shukri Ahmad Mansor.
Another lawyer representing the three, G. Jaya Prem, said his clients had given their full cooperation to police.
"My clients have been cooperating since day one and all the directors of the company are available to give statements," he said.
Earlier, Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Acryl Sani Abdullah Sani said JJPTR had collected investments of up to RM1.7bil.
He said in a statement last week that Bukit Aman's Anti-Money Laundering squad, CCID, Bank Negara, the Companies Commission of Malaysia, Inland Revenue Department, National Revenue Recovery Enforcement Team and CyberSecurity Malaysia had raided eight locations in Penang.
Fifteen workers and four investors were held for questioning.