The three arrived at the Bukit Mertajam courthouse from the Central Seberang Prai district police headquarters in Bandar Perda at 11am, reported The Star.

The trio had been under detention for the past six days.

Later, their lawyer G Jaya Prem told reporters that the remand application had been rejected by magistrate Diannee Ningrad Nor Azahar.

“My clients have been cooperative with the police,” Jaya Prem said, adding that he did not know if his clients would be rearrested.

JJPTR was thrust into the limelight after it claimed last month that its funds were siphoned off by “hackers”, resulting in the alleged loss of over US$50 million (RM217 million).

Investors had gone knocking on JJPTR’s doors when their 20% monthly returns were not banked into their accounts last month.

On April 27, the company promised to refund all investment funds collected from its 31,000 members.

Lee said this was made possible through the injection of capital by a new pool of foreign investors.

Police arrested Lee and two of his right-hand men on Tuesday morning.

The trio were released on police bail in Petaling Jaya on Friday after their remand expired, but they were re-arrested shortly afterwards and brought to Penang.

Perak Commercial Crime chief Supt Lee Ewe Kiang later told the news portal that the trio would be rearrested by Taiping police later today to assist in investigations into a report against them in Kamunting.

The trio are expected to be produced in a Taiping court tomorrow (May 22) morning for remand.

Read more at http://www.thestar.com.my/news/nation/2017/05/21/jjptr-rearrested-perak/#0itOoh6SOeqvjcpM.99