"Mobin Haider and Deepak Kumar were arresed from Gomti Nagar area during a routine checking drive and Rs 30 lakh in demonetised currency notes and a revolver were recovered from them, SO of the Gomti Nagar police station, Anand Shukla said.
He also said that the vehicle, a Sports Utility Vehicle (SUV), was registered in the name of former SP MLA from Lucknow (Central) constituency Ravidas Mehrotra.
During interrogation, both of them told police that they were trying to get the money coverted into new notes.
A probe in is on the matter.