FacebookInstagramTwitterContact

 

These Highly Effective Alternatives To Toxic Medication Help Beat Depression           >>           Study Highlights The Vast Medicinal Properties Of The Popular Spice Saffron           >>           Physically Healthy 28-Year-Old Dutch Woman With Autism And Depression Given Approval To End Her Life Through Assisted Suicide           >>           Haunted Holiday Home Horror As Tourists Left Screaming By 'Ghosts' Moving Picture Frames           >>           'A Reckless Kid Ruined My Car Door - His Mum's Response Left Me Gobsmacked'           >>           Olivia Wilde And Jason Sudeikis' 10-Year-Old Son Otis Is All Grown Up In Rare Photo           >>           Why Anne Hathaway Says Kissing Actors In Chemistry Tests Was So "Gross"           >>           NASA's Voyager 1 Spacecraft Finally Phones Home After 5 Months Of No Contact           >>           Meta opens Quest OS to third parties, including ASUS and Lenovo           >>           Newsletter service Ghost will support the fediverse protocol ActivityPub           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 05:01 AM

Subuh

: 05:11 AM

Syuruk

: 06:29 AM

Doha

: 06:51 AM

Zohor

: 12:32 PM

Asar

: 03:44 PM

Maghrib

: 06:32 PM

Isyak

: 07:42 PM

 



The Business Directory


 

 



Malaysia


  Home > Malaysia


JJPTR Refunds Disabled Investors


 


 May 11th, 2017  |  10:34 AM  |   1763 views

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.

 

“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.

 

 


 

Source:
courtesy of THE STAR

by ADRIAN CHAN

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Lahad Datu Murder: Remand Of 13 Students Extende

 2024-03-30 07:57:54

Tens Of Thousands Evacuated From Massive China Floods

 2024-04-23 00:01:47

Wind Farm Misses Deadline For Electricity Sale Scheme

 2024-04-23 00:24:53