PUTRAJAYA: Investigations into JJPTR and the individuals involved in it are being conducted by the police, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.
"Please be wary of any offers from them," said Hamzah at a press conference here on Wednesday.
He urged people to not be fooled twice by the new offer from JJPTR, adding that if a company has a history of dubious offers, it could do it again.
“If the company has cheated you before, and if you still want to believe the company's new offer, well that's up to you. But my advice is - don’t fall for it," said Hamzah.
In the new proposed investment scheme, JJPTR is offering returns of 35% a month.
An earlier scheme which offered 20% returns resulted in a huge controversy when some RM500mil from the company's account went missing.
The company claimed that the money went missing because its accounts were hacked.
Hamzah said investment schemes, interest schemes and direct selling schemes are considered offences under the Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFAPUAA 2001).
"At the national level, Bank Negara Malaysia (BNM) has formed the National Coordinating Committee (NCC) to coordinate enforcement activities on AMLATFAPUAA 2001 offences," said Hamzah.
He said that the NCC is made up of BNM, his Ministry, the police, the Companies Commission, the Securities Commission, the Malaysian Anti-Corruption Commission and the Attorney-General.