Home -
Industry -
Main body -

WikiFX Express

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

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

Credex Auto Title Loans Analysis Report

Credex Auto Title Loans emerges as a recommended lending solution with a solid 7.5 out of 10 overall rating, backed by an impressive 182 customer reviews that paint a largely positive picture of their services. The company demonstrates exceptional performance in customer satisfaction, with a remarkably low 5.5% negative rate and an overwhelming 161 positive reviews out of the total feedback received. Read more.

Original 2026-04-02 15:18

B2Prime Review 2026: Revenue Hits €52M, but Is B2Prime Safe?

B2Prime review 2026: revenue reached €52.8 million in 2025, but traders still need to look at B2Prime regulation, B2Prime rating, licences, products, and field survey results before deciding.

Original 2026-04-02 14:15

Capital Collaboration Analysis Report

Capital Collaboration emerges as a recommended forex broker with a solid 7.8 out of 10 overall rating, demonstrating consistent performance that appeals to traders seeking reliability in the competitive forex market. Based on a comprehensive analysis of 150 reviews, the broker maintains an impressive 1.3% negative rate, with an overwhelming 143 positive reviews reflecting strong trader satisfaction. For more information, read this extensive analysis.

Original 2026-04-02 14:15

Is CITY INDEX Legit or a Scam? Read This In-depth Review

Is your fund withdrawal experience with CITY INDEX nothing short of a disaster? Have the broker officials given you various reasons to deny you fund withdrawals? Did their reasons seem invalid to you? Have you lost capital due to malicious hedging? Did you even witness hassles while depositing funds? These issues have allegedly become common for traders here. We have thoroughly investigated these allegations in this CITY INDEX review article. Read on as we share their complaints.

Original 2026-04-01 22:53

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
RockGlobal

RockGlobal

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
RockGlobal

RockGlobal

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
RockGlobal

RockGlobal

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
IC Markets Global

IC Markets Global

Regulated
RockGlobal

RockGlobal

Regulated

Latest News

QUOTEX Review: Recent Withdrawal Cases and Scam Alerts

WikiFX
2026-03-31 15:08

CTBC Securities Review: Is This Taiwan Broker Safe for Forex?

WikiFX
2026-03-31 15:22

DFSA Issues Warning Against Fraudulent Scams Using Fake Regulatory Information

WikiFX
2026-03-31 16:39

Mtxotu Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-04-01 11:01

Why Malaysian Crypto Investors Should Pay Attention to Quantum Computing

WikiFX
2026-04-01 12:52

MEGA FUSION Review: Regulation, Licences and WikiScore Analysis

WikiFX
2026-04-01 12:41

Evest Review 2026: Is This Broker Regulated or a Scam?

WikiFX
2026-04-01 17:32

SuxxessFX Review: Scam or Legit Broker? Unbiased Analysis

WikiFX
2026-04-01 17:40

Is CITY INDEX Legit or a Scam? Read This In-depth Review

WikiFX
2026-04-01 22:53

Capital Collaboration Analysis Report

WikiFX
2026-04-02 14:15

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Leighton Futures

Leighton Futures

BEFLIX

BEFLIX

Dacland Forex

Dacland Forex

BCI

BCI

Cryptriva

Cryptriva

Metawaveoptions

Metawaveoptions

365fxassets

365fxassets

Faxton

Faxton

Forexware

Forexware

1000EXTRA

1000EXTRA