The Commissionerate police on Saturday arrested two persons in connection with the loot of 1 kg of gold and cash of Rs 3.5 lakh from Indradhanu Market under the Nayapalli police station on March 28.
The arrestees were identified as Naglur Nani (33) and Tarini Acharya (35), both residents of Aska Ganjam district. A motorcycle and Rs 4 lakh cash were seized from their possession.
Police said Naglur had snatched a bag containing Rs 3.5 lakh cash and 1 kg gold from one Laxmidhar Subudhi of Old Town on March 28.
Subudhi, who owns a jewellery shop namely Maa Gouri Jewellery Shop at Indradhanu Market, was locking his shop at around 9.30 pm when the accused had snatched the bag. Later, Subudhi had lodged a complaint in the regard.
During investigation, police on the basis of CCTV footage and other information traced accused Naglur, who belongs to Erogola gang of Aska and arrested him on Friday.
During interrogation, the accused confessed to the crime and led the police team to Aska where the cash, motorcycle and the stolen bag were recovered. Tarini, assisted during disposal of gold ornaments, was also arrested.