JJPTR refunds disabled investors

KUALA LUMPUR: The elusive founder of controversial investment scheme JJPTR faced the public for the first time since news of its collapse broke in April.

Baby-faced Johnson Lee, 28, walked into the Kg Kasipillay community centre in Jalan Ipoh here to return the capital of some 100 JJPTR investors with disabilities.

Surrounded by staff dressed in black with the JJPTR logo on their chests, Lee’s arrival sparked a media frenzy.

He personally handed over ang pow to some 10 investors before sitting down to face the press.

“This morning, I came down from Penang with the sole purpose of refunding my OKU (orang kurang upaya) investors. They have more need for the money.

“Today, at least, I’ve fulfilled what I promised. I do not wish to take any questions. This is all I have to say. Thank you everyone,” Lee said in Mandarin.

However, the media did not let him off easily.

Lee was questioned the amount that was refunded and when the other investors could expect their money back.

Returning funds: Lee handing over an angpow to an investor with disabilities at Kg Kasipillay community centre.
Returning funds: Lee handing over an angpow to an investor with disabilities at Kg Kasipillay community centre.

“I am not sure. There are too many investors on the list. I will leave it to my finance department.

“As I’m sure you know, I am too busy with other matters,” he said before he was ushered away into a Mercedes Benz.

Despite being at the centre for around an hour, he spoke for less than three minutes. Although armed police officers were seen at the scene, they did not stop Lee from leaving.

JJPTR grabbed the headlines a few weeks ago when Lee claimed that the company had lost US$400mil (RM1.738bil) due to a purported “hacking job”.

Investors started panicking when the 20% monthly interest they were promised was not deposited into their accounts in April.

Gerakan, which received complaints from over 20 investors with disabilities, organised the meeting yesterday. However, Gerakan Youth deputy chief Andy Yong said this did not mean that it condoned money games.

“We want to find a win-win solution for everyone. I’ve arranged for stakeholders to liaise with Johnson Lee on our proposal to give priority to handicapped investors.

“In good gesture, Johnson has agreed to refund the money,” Yong said.

A special task force comprising Bank Negara, the Domestic Trade, Cooperatives and Consumerism Ministry, the Companies Commission, the Securities Commission, the Malaysian Anti-Corruption Commission and the Attorney-General’s Chambers was set up late last month to investigate money game schemes.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Two cops among 14 nabbed at wild drug party in luxury condo
Cops deny Indonesian woman was abused
Unsustainable water tariffs, under-funded utilities result in poor service and water wastage, say experts
FT Ministry allocates RM15mil to repair public infrastructure in KL
Anti-graft group calls for MACC chief commissioner's suspension due to RM25mil theft case
PAC should scrutinise national 5G rollout, says Syed Saddiq
JKMR, LPPR call for thorough probe of MACC officers' alleged RM25mil theft
MOH running digital wristband pilot programme to make sure people under home quarantine don't go out, says KJ
Health Ministry: 67 children died due to Covid-19 this year, 80% of all eligible kids to be fully vaxxed by 2022
Australia urged to engage its Asia Pacific region partners to address Aukus nuclear-powered submarine concerns

Stories You'll Enjoy