The theft occurred yesterday when Vignesh of Coimbatore was on his way here in the bus carrying two kgs of gold jewels in a bag, police said.
Following a complaint, the police today picked up Manikandan of Kamaraj Nagar on suspicion.
After interrogation, they recovered one kg of gold jewels, nearly 30 mortgage receipts, Rs 20,000 cash and a two-wheeler from him, police said adding further inquiry was on.