Management of controversial Chinese company denies it is illegal

Management of controversial Chinese company denies it is illegal
Motorists passing one of the billboards on the Penang Bridge proclaiming Zhang Jian as the future’s richest person on earth. The Chinese businessman is pushing a multi-level marketing scheme in Malaysia.

KUALA LUMPUR- The management of the marketing scheme pushed by purported Chinese millionaire Zhang Jian has denied that it is "illegal", and maintained that it is in the present predicament due to nothing more than "misunderstanding".

The company's distributor Jessy Lai said the company has an operating license and has followed all the laws and regulations.

"We are not sure why this has come about, but we are in communication with the relevant authorities, and giving them our full cooperation," she said during a press conference at a buka puasa function held by the company for its members at Taman Sri Endah here yesterday.

Lai added that she believes the confusion was most likely due to the different names used by the company's members.

"We are registered under CDTup International Sdn Bhd in Malaysia, but we are referred to commonly as YSLM because our website is www.YSLM.hk. which isn't registered in Malaysia," she said.

She urged the company's members and associates not to worry, and to give the company time to sort the matter out.

The company's charity wing chairman, Datuk John Lee Kim Tian, also stressed that the company is "completely legal" and there is no need to worry.

"Zhang will be holding a press conference on this soon to address the issue personally," he said, while claiming that the millionaire is still in Malaysia.

Lee did not commit to a firm date for Zhang's press conference, which is likely within the week, but added that a few things need to be sorted out first.

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