The company behind the Penang-based Ponzi scheme JJPTR, which claimed to have lost RM500 million due to hacking, has been revealed to be a "RM2 company" registered with the Companies Commission of Malaysia (SSM).

JJ Global Sdn Bhd, set up in 2015, had also failed to file its financial accounts with SSM since it was formed, The Star reported today.

It also reported that JJPTR founder Johnson Lee, 28, was listed as one of two directors, and that his former girlfriend Tan Kai Lee, 24, and him each held a single share in the company.

A "RM2 company" is a proprietary company with an issued share capital of RM2, with the collective liability of shareholders limited to only RM2.

"Lee’s father Thean Chye, 58, and Tan are also directors of another company called JJ Global Network Holdings Bhd.

"SSM records showed that Thean Chye was the largest shareholder, owning 850,000 shares followed by Tan with 150,001 shares while Lee only has one share," The Star said in its report.