PETALING JAYA: Bank Negara Malaysia confiscated luxury items and froze 92 bank accounts worth over RM30mil, believed to be associated with an investment firm.
In a statement on Wednesday (July 31), Bank Negara said that a joint enforcement operation on Tuesday (July 30) saw raids in 12 locations around the Klang Valley targetting XFOX Market Sdn Bhd, among others for alleged infractions of the Financial Services Act (FSA) 2013 and related financial regulations.
