Two men have been arrested in connection of the armed loot of `1.5 crore that took place in lahori Gate area from a shop of a dry-fruits commission agent. “It is revealed that a gang of four men had carried out the loot. They had incurred huge loss in gambling and IPl betting. We have recovered Rs 32 lakh from the two accused while efforts are on to nab their remaining two associates,” said Joint Commissioner of Police Ravindra Yadav.