Police fail to place JJPTR trio under remand (Updated)

BUKIT MERTAJAM: The magistrate's court here today rejected an application by police for a remand order against troubled high-yield investment scheme JJ Poor To Rich (JJPTR) founder Johnson Lee and his two personal assistants.
However, the trio's troubles are not over as they will be arrested to assist in investigations in other states.
"The suspects will be detained to assist investigations," Penang Commercial Crime Investigation Department chief ACP Abdul Ghani Amad told the media via text today.
Earlier, Magistrate Dianne Ningrad Nor Azahar turned down the request when police made the application.
Lee, in a purple coloured lock-up shirt and orange pants, appeared calm when he was brought to the court complex in a police car about 10.50am.
The two others, dressed in the same outfit, also appeared calm when they arrived with Lee in the same vehicle.
The three were taken to Penang after their remand in Klang expired on Friday.
They were represented by GK Jaya Prem and Mohd Shukri Ahmad Mansor.
When contacted later about the latest development, Mohd Shukri said his clients will be taken to Kamunting, Perak.
"Will do our best again for remand tomorrow (May 22)," he said.
The trio have yet to be taken to Kamunting and are being held at the Central Seberang Perai district lock-up at time of writing.
Lee and the two, aged between 28 and 29, were detained by police in Petaling Jaya on May 16.
The trio were subsequently remanded to assist in investigations there before being brought to Penang.
Their arrests come after police and other monetary enforcement agencies conducted simultaneous raids at several JJPTR offices in the state on May 12.
Then, officers had carted away several computers and stacks of documents to assist in investigations classified as cheating under the Penal Code.
The scheme is in trouble after its trading account was allegedly hacked resulting in losses of RM500 million, a claim investigators have debunked.
Several police reports have since been lodged against the scheme which has collected some RM1.7billion from 430,000 investors since starting in 2015.
The scheme is ostensibly a forex trading scheme which promised returns of 20% a month.