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.

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.


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.


The RBI Alert List, updated on 19 November 2025, names Exness and the website www.exness.com. RBI says listed entities are not authorised to deal in forex under FEMA or operate an authorised forex ETP. Exness also publishes overseas regulatory records. These facts must not be mixed. Overseas regulation does not create RBI authorisation for an Indian resident.

Official sources support overseas regulated identities linked to the Swissquote name. FINMA's current list shows Swissquote Bank SA as a bank, while an FCA warning identifies genuine UK firm Swissquote Ltd under FRN 562170. These records do not prove RBI authorisation. Indian residents must still check the authorised person, permitted purpose, electronic trading platform, payment route and legal entity before any forex transaction.

The FCA warned about Dufourbit on 19 August 2026. Check the named domain, contact details, missing protections and seven steps before making any payment.

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