Rs 7 crore fake currency notes seized in Mumbai, 7 members of inter-state gang arrested

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The Mumbai police have seized fake 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 Wednesday.</p>
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Seven persons have been arrested so far in Mumbai as they were caught red-handed with the bundles of Rs 2,000 fake currency notes, an official said.</p>
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Acting on a tip-off, the crime branch of the city police intercepted a car at Dahisar Check Post in the suburbs on Tuesday evening. A bag containing 250 bundles of counterfeit currency notes with a face value of Rs 5 crore was found during the search of the car and the four occupants were arrested, the official said.</p>
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While interrogating the four car occupants, the police got information about their three more accomplices involved in the fake currency racket.</p>
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A police team then raided a hotel in suburban Andheri (west) and recovered another 100 bundles of fake currency notes in Rs 2,000 denomination with a face value of Rs 2 crore from the trio who have also been arrested.</p>
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The police have also recovered a laptop, seven mobile phones, Aadhaar cards, PAN cards and driving licences from the gang members.</p>
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During 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, who oversaw the entire operation.</p>
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The accused were produced before a local court which remanded them in police custody till January 31. Further investigations are on to unravel the inter-state operations of the gang.</p>
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<strong>Also Read: <a href="https://www.indianarrative.com/economy-news/rs-crore-fake-gst-invoices-racket-busted-in-mumbai-145718.html">Rs 1,000 crore fake GST invoices racket busted in Mumbai</a></strong></p>