JJ Poor To Rich (JJPTR) investment scheme founder pleaded not guilty to a charge of falsifying documents submitted to the Companies Commission of Malaysia (SSM) in 2016.
Lee Choong Sen, 29, also known as Johnson Lee, was charged at the Sessions Court here today with submitting false details in his declaration when trying to strike off his company’s name, as required under the Companies Act.
He was alleged to have declared that JJ Global Networks Sdn Bhd had never started doing business since in was established, despite knowing that it was false.
The offence, which comes under Section 364(2) of the Companies Act 1965, was allegedly committed at the Seberang Jaya SSM office on Dec 15, 2016.
SSM prosecuting officer Faiz Mahdi Mahmud requested for the court to set the bail at RM10,000.
Lee’s lawyer Nick Tan Meow Khoon, however said the bail should be at RM5,000, taking into consideration the cooperation given by his client to the authorities so far.
Judge Noor Aini Yusof set the bail at RM6,000 and announced April 12 for mention.
It was reported that JJPTR is a ‘money game’ scheme which promises lucrative returns, as high as 20 per cent, for its members.
However, investors started to panic in April last year when their monthly interest was not credited into their respective accounts.
The company had claimed that its trading account was hacked, resulting in losses of more than US$400 million (RM1.7 billion).
Lee Choong Sen, 29, (right) also known as Johnson Lee, was charged at the Butterworth Sessions Court today with submitting false details in his declaration when trying to strike off his company’s name, as required under the Companies Act. Pix by Ramdzan Masiam
Source: The New Straits Times (https://www.nst.com.my/news/crime-courts/2018/03/344678/jj-poor-rich-founder-pleads-not-guilty-falsifying-document-ssm)