Home -
Industry -
Main body -

WikiFX Express

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

AssetsFX Exposure: Check Out Latest Complaints on Withdrawal Denials & Other Trading Issues

AssetsFX, a Mauritius-based forex broker, continues to grab headlines, maybe not much for positive reasons. As we search for the broker’s performance on review platforms, we find many complaints against it recently. The year 2026 itself has many bad reviews on withdrawals, unfair profit deductions, and bonus-related discrepancies. We have investigated these complaints in this AssetsFX review article. Let’s begin!

Original 2026-04-29 21:09

Admirals Shifts EU Client Business to Cyprus After Estonia Licence Exit

Admirals has shifted EU client servicing to Cyprus after its Estonian investment firm licence was revoked at the company’s request, while broader group streamlining continues in other regions.

Original 2026-04-29 17:43

GKFX Regulation Warning: Is Trive Financial A Suspicious Clone?

Critical GKFX regulation update. Learn why Trive Financial Services UK is flagged as a suspicious clone and how to secure your login GKFX access safely.

Original 2026-04-29 14:35

Is Octa Regulated? Octa Regulation And Licensing Facts

Discover the truth about Octa regulation. We analyze their CySEC license and Forex trading safety to help you secure your Octa login and capital. Learn more.

Original 2026-04-29 14:10

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
STARTRADER

STARTRADER

Regulated
eightcap

eightcap

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
STARTRADER

STARTRADER

Regulated
eightcap

eightcap

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
STARTRADER

STARTRADER

Regulated
eightcap

eightcap

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
STARTRADER

STARTRADER

Regulated
eightcap

eightcap

Regulated

Latest News

India’s Love Affair with Gold: Investment Demand Rises 40% of Consumption in CY25

WikiFX
2026-04-28 18:59

Why Paid Forex Signals Are a Trap for Beginners

WikiFX
2026-04-28 11:30

US Dollar Dips On Hormuz Proposal

WikiFX
2026-04-28 11:30

Zed Capital Review 2026: Should You Trade With This Broker?

WikiFX
2026-04-28 17:21

Is Naga Regulated? Guide to Naga Regulation and Safety

WikiFX
2026-04-28 16:20

The MSquare Review: Forged Blockchain Receipts, Frozen Accounts, and Severe Anomalies Exposed

WikiFX
2026-04-27 11:30

How Trading Volume Tells You If a Price Move is Real

WikiFX
2026-04-27 11:30

Why Judging Trades by Profit Teaches the Wrong Lesson

WikiFX
2026-04-27 11:30

EC Markets Reports Record $5.13 Trillion Q1 Volume in 2026

WikiFX
2026-04-27 11:00

When Scammers Forge a Minister's Signature: Malaysia's Fake Investment Letter Exposed

WikiFX
2026-04-27 11:49

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

ACEMAX

ACEMAX

invictus

invictus

RIVOX

RIVOX

4pro

4pro

FINTEX MARKETS

FINTEX MARKETS

Ardovex Markets

Ardovex Markets

PROTEUS CHAIN

PROTEUS CHAIN

HONORPRO

HONORPRO

ONYS KVPITAL

ONYS KVPITAL

NOOR AL QAMAR

NOOR AL QAMAR