Khaberni - The public prosecutor referred a complaint against one of the global exchange trading companies to the competent court.
The public prosecutor charged the company with fraud and breach of trust.
Sources indicated that the mentioned company is a local brokerage licensed by the Securities Authority, and the foreign parent company.
The referral came after an extensive investigation concerning practices suspected of involving fraudulent trading operations.
The complaint stated that the company's practices aim to seize client funds using advanced technology and techniques, through which trading is manipulated to benefit the company and against the client's interest. This manipulation involves the mechanisms of dealing, the nature of activities, or the method of managing trading operations through its platforms and through advanced software, manipulation of financial leverage, price slippage, and others.
The complainant emphasized the file on fraud and breach of trust and significant violations of the global exchanges law and related laws, and evidence was presented and technical expertise was conducted. The public prosecutor decided to refer it to the court and suspects the defendants of the mentioned charges and legal accountability according to Jordanian legislation.
This case is considered one of the biggest fraud cases in the electronic trading sector in Jordan due to the size of the company, the nature of its activity, and the breadth of its operations.
The court is expected to begin consideration of the file at the end of this month, amid widespread interest in the developments of the case as it affects a sensitive sector dealing with investor funds, where the number of traders exceeds 250,000, and the losses are estimated in billions of dinars, in addition to transferring companies funds in favor of foreign companies.
