Police arrested 12 individuals for their alleged involvement in a fraud syndicate that posed as investment firm Goldman Sachs, involving losses exceeding RM11 million, on Monday.

Bukit Aman Commercial Crime Investigation Department director Ramli Mohamed Yoosuf said the suspects, aged between 21 and 45, were nabbed in Selangor, Johor, Negeri Sembilan, Sarawak, Perak, Kedah, and Penang under Op Nuri 7/24.