With the arrests, police claimed to have busted a gang of 'blademaar' thieves. The arrested duo -- Gazab and Chanderpal -- hail from Uttar Pradesh's Shamli district.
Police acted based on an FIR filed by a Gujarati businessman, who was robbed off Rs 1.50 lakh yesterday on board a Jahangirpuri-bound train on Yellow Line.
"He boarded the train from Chandni Chowk carrying a black colour raxine bag containing Rs 3 lakh. When he reached Jahangirpuri station, he noticed that there was a cut at the bottom of the bag and Rs 1.50 lakh was missing," a senior police officer said.
Based on a tip-off, a trap was laid at ISBT Kashmere Gate which led to the arrests. The third accused is absconding.
Police said that the arrested, who are allegedly related to each other, used to surround their targets in a running train before employing their blade-wielding techniques.