KUALA LUMPUR, April 12 -- Police have arrested eight individuals, including four with the title of Datuk, in connection with the Mobility Beyond Imagination (MBI) scam and seized RM3.17 billion worth of assets.

Inspector-General of Police Tan Sri Razarudin Husain said the suspects were detained under Ops Northern Star, a special operation by the IGP secretariat's Anti-Money Laundering (Amla) division, following a red notice issued by Interpol on March 20.

According to The Star, police conducted several raids and froze hundreds of accounts and assets linked to the suspected Ponzi scheme.

"The police have frozen several assets and illegal profits believed to be closely linked to Ponzi schemes that went by 'Pelaburan MBI' (MBI Investment)...