The General Directorate of Anti-Corruption, Economic and Electronic Security confirmed that, to date, it has not received any official reports related to the fraud case involving a platform known as “The Professor” or (PCEX), as circulated by various media resources and social media platforms, which indicated that citizens had fallen victim to scams under the alleged online investments.
The Directorate urged anyone who has been subjected to fraud to file cases through the Directorate’s website, the "MyGov" application, the hotline (992), or by visiting the Directorate in person. It stressed the importance of promptly reporting suspected cases to ensure the necessary legal measures are taken promptly.
It clarified that the mentioned platform is unlicensed and not listed among the financial institutions authorised by the Central Bank of Bahrain, making its operations outside the legal framework and exposing those engaging with it to serious financial risks.
The Directorate warned against being misled by deceptive promotional advertisements on social media, which exploit individuals' desire for quick profits without providing any guarantees or official oversight.
It urged all citizens and residents to verify the legitimacy of the entities they deal with, and to refrain from engaging in any online investment activity unless the concerned company has obtained an official licence from the Central Bank of Bahrain.
It reaffirmed its commitment to protecting the community from cyber fraud crimes and emphasised that it will not tolerate those involved in such cases, and will take strict legal action against them.
