In a tweet, he congratulated government departments that participated in the raids at eight different locations.
“Syabas, JSJK (commercial crime investigation department), BNM (Bank Negara Malaysia), LHDN (Inland Revenue Department), NNRET (National Revenue Recovery Enforcement Team) and SSM (Companies Commission of Malaysia) for raiding 8 locations of JJPTR schemes in Penang and detaining 19 workers and an investor and finding documents,” he said on Twitter this evening.
It was reported earlier that some 20 officers from the federal police and others had stormed a JJPTR office at Perak Road in George Town today.
Officers involved in the operation entered the office on the first floor of a shoplot at about 12.30pm.
Police reportedly froze five JJPTR bank accounts following a multi-agency crackdown led by the Attorney-General’s Chambers.
JJPTR was thrust into the limelight after it claimed that its funds were siphoned off by “hackers”.
This allegedly resulted in JJPTR losing over US$50 million (RM217 million). However, unverified claims put the losses at more than US$400 million (RM1.7 billion).
Investors had been knocking on JJPTR’s doors when their 20% returns were not banked into their accounts last month.
On Apr 27, the company promised to refund all investment funds collected from its 31,000 members.
Founder Johnson Lee said this was made possible through the injection of capital from a new pool of foreign investors.
He said refunds would be given to those who had just sent in their initial investment capital as well.