WMS Capital’s founder and staff missing – premises shut - Nation | The Star Online
X Close


WMS Capital’s founder and staff missing – premises shut

GEORGE TOWN: The founder of WMS Capital, who has gone missing, was believed to have held an emergency meeting with his management team a day before the scheme went bust.

A woman, whose office is located adjacent to WMS Capital in Jalan Sultan Ahmad Shah here, said the management and the boss were seen at the office last Wednesday for some “serious discussions”.

“The meeting was held a day before we heard that the scheme had collapsed.

“I still remember that day, quite a number of people turned up, and they even rolled down the shutters, causing us to have problems entering our unit,” she said when met at her office yesterday.

She said the WMS Capital staff also used paper to cover the transparent part of the glass door to avoid being seen from outside.

She said the office had been closed since then.

“I think they had already prepared themselves and no one came back to the office after the scheme collapsed,” she said.

She added that on the day when the meeting was held, a woman in her late 40s went to the office to seek a refund.

“She was told by the people in the room to come back the next day to get her money back, but when she returned, the office was closed,” she said.

“A few days ago, one of the investors came and asked me if WMS Capital office was no longer operating.

“Yesterday, two women who turned up at the office also asked me why they could not get hold of the company’s person in charge,” she said, adding that many investors had asked her about the WMS Capital’s employees and boss.

“I really have no idea about their whereabouts,” she said.

Penang Commercial Crime Investigation Department chief Asst Comm Abdul Ghani Ahmad said no police report has been lodged against WMS Capital so far.

It was reported that WMS Capital, a company that specialises in asset management and promises a 20% monthly return, is believed to have collapsed.

Members who were invited to join a WeChat group to learn about the company’s latest developments found that they had been removed from the group on Sunday.

At least 20 more money game operators have either gone bust or changed their business plans.

On JJPTR, Comm Abdul Ghani said police might be bringing its founder Johnson Lee back to Penang to assist in investigations.

“Lee will be taken to Johor first,” he said.It is learnt that Lee would be taken to several states where police reports have been lodged against the company, to assist in investigations.

Meanwhile, Kwong Wah Yit Poh reported that even loan sharks had fallen prey to money game schemes.

The Chinese daily reported that as the returns offered on investments were attractive, a number of loan sharks had invested a lot of money in the schemes.

Courts Crime , WMS Capital , money game , JJPTR