The valuables seized included 2kg 110 gram gold ornaments, 4kg silver ornaments, one car, 4 two wheelers and electronic equipment.
The arrests were made separately by Peenya,Rajajinagar and R T Nagar Police Stations that come under Northern Division of Bengaluru Police, a police release said.
Among those arrested was one Mohammed Khalilullah also known as Bombay Saleem, who has 32 cases against him.
He had also been to jail in the past for his involvement in cases relating to murder, theft, robbery in Bengaluru, Mumbai and Hyderabad, police said.