Segambut MP Lim Lip Eng today issued a 48-hour ultimatum to forex trading company JJPTR founder Johnson Lee and his agents to come forward and explain the “missing” RM500 million, allegedly hacked from the company’s account.
“This incident is ‘funny’. When a large amount of money is allegedly stolen from a bank account, any normal person would lodge a police report, demanding an investigation. But Johnson Lee did not do so and instead told his investors not to seek the authorities’ help.
Lim also asked if Lee was covering up for his family members, the company shareholders, or his girlfriend in the “hacked” RM500 million claim. News that the funds had been hacked from the bank account received mixed reactions from JJPTR investors, with some in distress over the loss of their money. Others meanwhile said they would continue to invest in JJPTR.
The initials of Lee’s company, JJPTR, stand for “jie jiu pu tong ren” which means “salvation for the common people” in Mandarin. JJPTR, JJ Poor to Rich and JJ Global Network, are the three forex trading entities listed on the website, www.jjptr.com. However, it was reported that the three companies were among 288 other entities and individuals on Bank Negara Malaysia’s Financial Consumer Alert list as of Feb 24.
Members of JJPTR are asked to invest between US$25 and US$1,000 (RM110 and RM4,400) and promised a monthly return of 20%.
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