Home -
Industry -
Main body -

WikiFX Express

TMGM
Exness
GTCFX
SBCFX
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

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

Warren Bowie & Smith Review 2026: 1.23 Score Raises Red Flags as Withdrawal Complaints Grow

Was your trading experience with Warren Bowie & Smith, a Mauritius-based brokerage entity, not so fruitful? Did the broker tempt you into trading by giving you assurances of profits that never appeared on the Warren Bowie & Smith login dashboard? Did you struggle to withdraw profits from the trading platform? Upon your withdrawal request, did the broker official make you invest further? This Warren Bowie & Smith review examines serious trading allegations against the broker. Additionally, we have provided the broker’s regulatory status.

Original 2026-08-19 22:41

OANDA Review 2026 for India

OANDA review for India covering global regulation, RBI forex rules, OANDA login security, platforms and regulatory history.

Original 2026-08-19 14:29

TPFx Review 2026: An A+++ Result and an Impersonation Warning - What to Check Before Funding

This TPFx review examines PT Trijaya Pratama Futures, Broker Code 4461810512, its Bappebti record, the Q1 2026 A+++ assessment, look-alike website warning, product costs, withdrawals and complaint route for traders researching an Indonesia forex broker.

Original 2026-08-19 14:14

FOMC Minutes Today: 3 USD and Gold Scenarios Traders Should Prepare For

The Fed releases the July FOMC minutes on 19 August 2026. Here are three USD and gold scenarios, confirmation signals, and a practical risk checklist for traders.

Original 2026-08-19 13:08

WikiFX Express

TMGM
Exness
GTCFX
SBCFX
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

Latest News

DFSA warns of scam impersonating firm Menhir Capital

WikiFX
2026-08-19 15:00

A Losing Streak Hijacks Your Judgement. Here's a 4-Step Reset

WikiFX
2026-08-19 15:00

DFSA Warns of Scam Impersonating Firm Menhir Capital

WikiFX
2026-08-19 13:00

Fiji-deported man faces charges in $165M crypto Ponzi

WikiFX
2026-08-19 15:00

DFSA warns of scam cloning authorised firm Menhir Capital

WikiFX
2026-08-19 15:00

Rand firms as traders await key inflation read

WikiFX
2026-08-18 18:00

Plus500 Joins Bahamas Forex and CFD Industry Association

WikiFX
2026-08-17 11:48

KATOPRIME Review: Unregulated and Risky, With Withdrawal Complaints to Verify

WikiFX
2026-08-19 11:00

WHITEFOREX Review: Is Your Deposit Safe?

WikiFX
2026-08-18 18:00

Gold Climbs Toward $4,400 as September Fed Hike Odds Tumble

WikiFX
2026-08-17 15:30

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Noble Axis Capitals

Noble Axis Capitals

Vastrade options

Vastrade options

Yellow Stone

Yellow Stone

Knight Global Markets

Knight Global Markets

Apexelitetrade

Apexelitetrade

Wisefxbridge

Wisefxbridge

Axis Trade

Axis Trade

Stone X Market

Stone X Market

SrexterPrime

SrexterPrime

Swiss Fx Vantage

Swiss Fx Vantage