Raja Bank was recently embroiled in a major forex trading scandal, involving the fraudulent use of client funds for speculative trading. The bank was accused of engaging in foreign exchange activities that caused losses of over $300 million to its customers, including many major companies. Authorities have since charged the bank’s former CEO with criminal fraud and declared the bank’s assets as fraudulent. This massive fraud has shaken the financial world, as it has exposed the risks of global currency markets. As a result, many are now questioning the efficacy of international regulatory bodies and the safety of client funds assigned to on foreign exchanges.