Qatar police raid investment firm’s office and arrest CEO - Banking & Finance - ArabianBusiness.com:
"Qatar has warned Singaporean authorities of an investment firm which has moved its headquarters to the Asian country days after Qatari authorities raided its Doha offices and arrested the CEO over false claims the firm was licenced to offer investment advice.
Qatar Financial Centre Regulatory Authority (QFCRA) last week warned investors against dealing with investment firm Portable Fund, stating the company had falsely claiming it was licensed by the Qatar Financial Centre Authority (QFCA).
“The QFCRA took swift action after becoming aware that Portable was falsely claiming to be regulated by the QFCRA and licensed by the QFCA. In order to protect consumers and investors the QFCRA issued an alert and directed the company to remove these false claims from its website, as well as the false claim that it operated from Tornado Tower in Doha,” a QFCRA spokesperson said in a statement."
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