The police have crippled a syndicate using fake documents to apply for personal financing involving losses of RM4.7 million, with eight men including six staff of financial institutions arrested in several operations conducted on Saturday.

Kuala Lumpur police chief Azmi Abu Kassim said all of them were detained in separate locations around the Klang Valley, and the police also seized eight mobile phones and several salary slips of borrowers suspected to be involved in the case.

He said initial investigations found that the syndicate targeted individuals who...