Mumbai Jan 26 PTI The Mumbai police have arrested seven persons and seized fake Indian currency notes with a face value of Rs 7 crore after busting an inter-state gang involved in printing and distribution of counterfeit notes an official said on WednesdayActing on a specific information Unit-11 of the Mumbai crime branch intercepted a car at Dahisar Check Post in the suburbs on Tuesday evening the official saidThe police apprehended four persons seating in the car and interrogated them he saidDuring a search of the car crime branch sleuths found a bag containing 250 bundles of counterfeit currency notes in Rs 2000 denomination with a face value of Rs 5 crore the official saidWhile interrogating the four car occupants the police got information about their three more aides he saidAccordingly a police team conducted a raid at a hotel in suburban Andheri west and arrested the trio the official said adding 100 more bundles of fake currency notes again in Rs 2000 denomination with a face value of Rs 2 crore were recovered from themBesides counterfeit notes the police have recovered a laptop seven mobile phones Rs 28170 in genuine currency Aadhaar and PAN cards and driving licences among other things from the gang members he saidDuring the investigation it came to light that the inter-state gang was operating a racket of printing fake currency notes and distributing them said DCP Sangramsingh Nishandar Detection-1 who oversaw the entire operationThe police have so far recovered fake currency notes with a face value of Rs 7 crore and arrested seven persons in this case he saidThe accused were produced before a local court which remanded them in police custody till January 31 PTI DC RSY RSY