Seven persons were arrested for allegedly operating an inter-state racket involving sale of cars purchased through bank loans using fake documents, reported news wire PTI.

Twelve cars, including makes like BMW, Mahindra Thar, Toyota, KIA and others, total valued at Rs 2.34 crore were also seized from the gang, said Deputy Commissioner of Police (Zone II Vasai) Poornima Chougule Shringi.