Home -
Industry -
Main body -

WikiFX Express

TMGM
Exness
EC markets
XM
FXTM
GTCFX
FOREX.com
AVATRADE
D prime
IC Markets Global

Police arrest 58 in Bangsar for online forex scam

WikiFX
| 2023-10-26 11:27

Abstract:In a recent operation, Brickfields district police chief ACP Amihizam Abdul Shukor reported the arrest of 24 local men, 32 local women, along with a foreign man and woman. The age range of those apprehended spans from 20 to 59 years. The raid resulted in the confiscation of 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.

image.png

On October 20, 2023, the police apprehended 58 individuals suspected of participating in an online forex investment scam at three different business premises in Bangsar.

Brickfields district police chief ACP Amihizam Abdul Shukor disclosed that among those arrested, there were 24 local men, 32 local women, as well as a foreign man and woman. Their ages ranged from 20 to 59. During the operation, law enforcement confiscated 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.

WhatsApp Image 2023-10-26 at 11.47.03_2b7503fe.jpg
WhatsApp Image 2023-10-26 at 11.47.49_930b399b.jpg

According to ACP Amihizam Abdul Shukor, their investigations revealed indications of an online forex investment scam. The syndicate utilized social media platforms to promote and offer these investments, targeting victims from various countries, including Malaysia, Vietnam, China, the Philippines, Singapore, and Europe. As part of the ongoing investigation, all suspects have been remanded until Monday, and they face charges under Sections 420, 511, and 120(B) of the Penal Code.

img_v2_6e3cce6f-3780-4ebe-932f-b4d2f54e63ag.png
BrokerForex tradingForex BrokerForex newsforex marketScam AlertFraud Alert

Read more

CMC MARKETS Analysis Report

CMC MARKETS presents a mixed picture for forex traders, earning a moderate overall rating of 6.4 out of 10 based on 228 reviews and a "Use with Caution" designation. The broker demonstrates notable strengths that have resonated with the majority of its client base, particularly its user-friendly interface that simplifies the trading experience, responsive customer support that addresses initial inquiries effectively, and a solid reputation for safety that provides some reassurance to traders. These positive attributes are reflected in the sentiment distribution, where 150 reviews were positive compared to just 47 negative ones, suggesting that many traders have had satisfactory experiences with the platform. However, the 20.6% negative rate cannot be ignored, as it highlights recurring concerns that potential clients should carefully consider.

Original 2026-05-22 14:08

What? The Rupee’s Fall from 90 to 95 Remains the Fastest Five-Point Decline in a Decade!

No, we are not kidding! The rupee has indeed hit this low, from 90 to 95 against the US dollar, the fastest in nearly a decade, highlighting the slump due to rising crude oil prices and global uncertainty from the series of adverse events related to the geopolitical conflict in the Middle East. It just took five months for the rupee to weaken from 90 to 95, the sharpest five-point depreciation since the 2013 taper tantrum. During this period, the rupee declined from 60 to 65 within a month amid concerns over India’s current account deficit and large capital outflows.

Original 2026-05-21 22:34

Top Trends in India’s Forex, Gold and Stock Markets Today

While it was a flat day for India’s benchmark stock indices (Sensex & Nifty), there was a sort of recovery for the rupee in the foreign exchange market on May 21, 2026. Giving investors more reasons to enjoy was another bull run for gold, which is touching the 16K threshold for 10 grams. Taking three markets combined, the overall sentiment remains mixed for investors. Here is how the day panned out for investors across these markets.

Original 2026-05-21 21:41

Mazi Finance Analysis Report

Mazi Finance presents a concerning mixed picture with an overall rating of 5.2 out of 10 and a "Use with Caution" designation that should give traders pause before committing funds. Based on 41 total reviews, the broker shows a troubling 43.9% negative rate, with sentiment nearly evenly split between positive experiences (21 reviews) and negative ones (18 reviews), alongside just 2 neutral assessments. Check this extensive analysis report.

Original 2026-05-21 13:21

WikiFX Express

TMGM
Exness
EC markets
XM
FXTM
GTCFX
FOREX.com
AVATRADE
D prime
IC Markets Global

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
Exness

Exness

Regulated

Latest News

Peace Talks Subdue Dollar and Oil

WikiFX
2026-05-22 15:00

US Dollar Holds Flat as Crude Oil Prices Slip

WikiFX
2026-05-22 00:00

Dollar Peaks As Asian Currencies Slide

WikiFX
2026-05-22 15:00

CFI Expands UAE Offering with Direct Access to Dubai Stocks

WikiFX
2026-05-20 18:23

Dollar Steadies While Asian Currencies Slide

WikiFX
2026-05-20 14:00

RoboForex Review 2026: Examining Withdrawal Issues and Unfair Account Termination Complaints

WikiFX
2026-05-20 15:16

Why Malaysian Traders Are Rapidly Shifting Towards Multi-Asset Trading Strategies and MT5

WikiFX
2026-05-21 12:09

Is AAA TRADING Safe? A Complete 2026 Broker Review

WikiFX
2026-05-21 13:45

Octa Review: Withdrawal Delays, Regulation Warnings, and Broker Risk Exposed

WikiFX
2026-05-21 14:00

Dollar Holds as Crude Oil Plunges

WikiFX
2026-05-21 14:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Rising InternationalManagement

Rising InternationalManagement

RETURNARENA

RETURNARENA

EX

EX

Bux & Stone

Bux & Stone

DILLON BREAD PARTNERS

DILLON BREAD PARTNERS

Oakvesthub

Oakvesthub

CHAIN VANTAGE

CHAIN VANTAGE

VetraAssets

VetraAssets

Riftvol

Riftvol

ChainXbit

ChainXbit