Home -
Industry -
Main body -

WikiFX Express

TMGM
GTCFX
Exness
XM
EC markets
FOREX.com
AvaTrade
FXTM
TAG MARKETS
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

Savexa Review 2026: Examining Trade Allegations of Indian Users

Savexa, a Comoros-based brokerage firm, reportedly received mixed reviews from users across India. While some hailed its competitive spread and trade order execution capability, others report fake profit and constant deposit pressure. The negative Savexa reviews reportedly had more insights and depth, which called for an investigation. In this article, we have examined these reviews thoroughly and disclosed whether Savexa is regulated.

Original 2026-09-25 18:05

SEBI's New PMS Rules Let Fund Managers Run 'Sub-PMSes' — But the Fine Print is Still Open

SEBI's board on September 24 approved a sweeping overhaul of portfolio management rules, opening PMS to foreign securities, IPOs and a new mutual-fund-only route called PRIM. But one X user with 101,000 followers flagged a structural change that could reshape how PMS products are sold: a 'platform PMS' can now host independent fund managers (IFMs), each running their own strategy on the PMS's licence. Under the new SEBI (Portfolio Managers) Regulations, 2026, replacing the 2020 framework, existing PMS can invest in foreign securities under both discretionary and non-discretionary mandates, according to multiple media reports. The allowed list includes listed equity, debt, REITs, overseas mutual funds, ETFs, index funds and foreign government debt. All of it stays bound by FEMA and RBI's Liberalized Remittance Scheme — so you still can't buy foreign ETFs in rupees. The PMS just becomes a wrapper.

Original 2026-09-25 12:57

AssetsFX Review: A Resolved USD 200 Case, Two Registration Numbers

A USD200 withdrawal complaint is not evidence of a current unpaid balance when its public page now says resolved. This review examines that distinction alongside a separate, live disclosure issue: AssetsFX displays different registration numbers for Assets Global Ltd. Readers in South Asia, particularly India, should establish the correct contracting entity before relying on payment promises or brand-level assurances.

Original 2026-09-25 12:40

INZO Review 2026: Withdrawal Denial, Bonus Failure & Poor Customer Support Allegations

INZO, a Saint Vincent and the Grenadines-based brokerage entity, is facing numerous allegations from users worldwide. These allegations question the broker's credibility on withdrawal processing, bonus activation, and customer support. Allegations have circulated across several independent platforms such as WikiFX. This INZO review 2026 takes a close look at these complaints and reveals its regulatory status.

Original 2026-09-24 20:00

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
ACCM

ACCM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
ACCM

ACCM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
ACCM

ACCM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
ACCM

ACCM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated

Latest News

FUNDEDNEXT Review: Is This Prop Trading Firm Safe & Trustworthy?

WikiFX
2026-09-24 13:51

FBS Review: What a USD2,000-Plus Profit Dispute Leaves Unanswered

WikiFX
2026-09-24 17:37

SEBI's New PMS Rules Let Fund Managers Run 'Sub-PMSes' — But the Fine Print is Still Open

WikiFX
2026-09-25 12:57

Global Debt Explodes to Record $365 Trillion

WikiFX
2026-09-25 12:24

INZO Review 2026: Withdrawal Denial, Bonus Failure & Poor Customer Support Allegations

WikiFX
2026-09-24 20:00

Meta Dismantles 3.8 Million Scam Linked Pages

WikiFX
2026-09-24 10:52

US Dollar Price Forecast: Strong U.S. Data Lifts DXY as EUR/USD and GBP/USD Weaken

WikiFX
2026-09-24 16:24

Switzerland is keeping rates at 0% — for now

WikiFX
2026-09-24 15:34

FTMO Review: Is This Prop Trading Firm Safe & Trustworthy?

WikiFX
2026-09-25 11:12

Savexa Review 2026: Examining Trade Allegations of Indian Users

WikiFX
2026-09-25 18:05

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

primeaxistradepro

primeaxistradepro

Getliquid365

Getliquid365

CleantechFx Investment

CleantechFx Investment

Elite FX

Elite FX

Bharat Sky

Bharat Sky

Elvan Global

Elvan Global

Carbon Capital

Carbon Capital

CaravanFX

CaravanFX

CONEEX

CONEEX

FXLibra

FXLibra