Police conducted a raid on a commercial building in Bangsar
South in Malaysia this afternoon, targeting a call center linked to fraud and
online gambling activities. More than 100 individuals were arrested during the
operation.
Call Center Raid Targets Online Gambling
According to sources, officers searched at least five floors
of the building. Hundreds of men and women were detained throughout the
operation. At least seven police trucks were deployed to transport the
detainees to local police stations for further investigation, as reported by ChinaPress. Police later
sent five additional trucks to remove more individuals from the building.
Police Raid Unlicensed CFD Firms Globally
Authorities in several countries have conducted raids on
firms and call centers involved in CFD and forex trading, often citing
unlicensed operations and fraudulent practices. These operations have targeted
both local and international clients, highlighting regulatory concerns in
multiple jurisdictions.
Similar actions occurred in Poland, where police detained 20
individuals from Amplio Investments. The firm reportedly provided unlicensed
investment advice to clients across several countries, including Italy, Russia,
and Kazakhstan. Victims reported losses linked to misleading guidance and
high-risk investments.
Other cases include raids in Somalia and Cyprus. In Somalia,
authorities inspected affiliate offices of a trading education provider, while
in Cyprus,
an unregulated call center was targeted for allegedly running fraudulent
investment schemes. Arrests and investigations followed in both locations.
Malaysian Police Probe Online Investment Scheme
Earlier, Malaysian
authorities received multiple complaints against a fraudulent offshore forex
broker, with reported losses exceeding USD 5.3 million since 2019. The
scheme promised monthly returns of 4–7% and used online platforms to attract
clients.
Authorities are investigating several cases, which could
result in prison, fines, or corporal punishment. A clone platform offering
similar investment schemes has also been identified. Offshore regulators,
including in Cyprus and Hong Kong, have taken action over management and
licensing concerns.
This article was written by Tareq Sikder at www.financemagnates.com.
