JJ Poor To Rich (JJPTR) founder Johnson Lee and two of his right-hand men have been remanded for three days.
The trio – led by police – arrived around 2.30pm Tuesday at the Klang magistrate’s court here where the remand order was issued by magistrate Nik Nur Amalina Mat Zaidan.
Their lawyer G. Jaya Prem said his clients were being investigated for one case of fraud.
“It is one report under Section 420 of the Penal Code over a sum of RM56,400. This money went to a company which is not even under the name of my clients,” he said.
Lee and his assistants were picked up by police in Petaling Jaya around 4.30am Tuesday.
Previously, Commercial Crime Investigation Department (CCID) director Comm Datuk Acryl Sani Abdullah Sani said JJPTR had collected investments of up to RM1.7bil up to now.
He said in a statement last week that following investigations on JJPTR, the federal Anti-Money Laundering squad, CCID, Bank Negara, the Companies Commission of Malaysia, the Inland Revenue Board, the National Revenue Recovery Enforcement Team and Cyber Security Malaysia raided eight different locations in Penang.
Comm Acryl Sani said following the raids, 15 employees and four investors were held for questioning and documentation processing.