Three men remanded over investment scam
Published on: Tuesday, May 23, 2017
TAIPING: Three men believed to be involved in the JJ Poor To Rich (JJPTR) investment scam have been remanded for two days.The remand order on the trio aged between 28 and 29 years was issued by magistrate Sharifah Izura Syed Mashor.Counsel Mohd Shukri Ahmad Mansor and G.Jaya Prem who represented the three individuals told the court that
ADVERTISEMENT
their clients would fully cooperate with police in the investigation.The men were detained following a report lodged at the Kamunting police station by a man who claimed to have lost RM4,700.The fraudulent scheme was believed to have swindled investors of RM1.7 billion.The magistrate's court in Bukit Mertajam released the men on police bail Sunday.
ADVERTISEMENT
On May 12, Bukit Aman's Commercial Crime Investigation Department and Penang Police raided eight different locations around Penang.They were assisted by an Anti-Money Laundering investigation team, Bank Negara Malaysia, Inland Revenue Board, a National Revenue Recovery Enforcement team, Companies Commission of Malaysia and Cyber security Malaysia.
ADVERTISEMENT
Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
