Forex News: 7 foreigners claim losses of over RM31mil in investment scam | 2026
Breaking forex market news: 7 foreigners claim losses of over RM31mil in investment scam. Currency traders should pay close attention to this development and its potential impact on major pairs.
What You Need to Know
Here are the key details from this alert:
- 7 foreigners claim losses of over RM31mil in investment scam Lawyer Andy Yeoh said the seven people who came forward today comprised four Chinese and two Taiwanese nationals and a Korean
- PETALING JAYA : Seven foreign nationals lodged police reports at the Cheras police headquarters today, claiming they lost more than RM31 million after being deceived by an international syndicate
- Lawyer Andy Yeoh said the seven were lured by an online investment scheme operated by a company known as “High Inspirations”, which promised a 5% return on each investment
- The investors’ withdrawal facilities were abruptly halted in September 2021, and the platform was fully shut down in August last year,” Bernama quoted him as saying
- Yeoh said the seven who came forward today comprised four Chinese and two Taiwanese nationals and a Korean
- He said more than 300 other victims intended to engage his services to recover their investments
- Source: 7 foreigners claim losses of over RM31mil in investment scam
Currency Market Impact
This news event could create significant moves in major and emerging market currency pairs. Traders should monitor central bank responses, economic data releases, and interbank flow data for confirmation of directional bias.
Trading Considerations
News-driven volatility creates both opportunity and risk. Use proper position sizing, place stop-losses at key technical levels, and avoid over-leveraging during high-impact events.
Frequently Asked Questions
Is this news verified?
This report is based on information from external sources identified through our news monitoring system. We recommend verifying directly with primary sources and official regulators before making any financial decisions.
Where can I report financial fraud?
Report to your national financial regulator: FCA (UK), ASIC (Australia), SEC/CFTC (USA), MAS (Singapore), OJK (Indonesia). Also report at Action Fraud (UK) or ScamWatch (Australia).
Published by Forexnews on April 24, 2026. Source: 7 foreigners claim losses of over RM31mil in investment scam
