"Naxal associates Tikeshwar and Bajrang were arrested from Ghoragaon and Rs 3.50 lakh cash and explosives including a 10 kg tiffin bomb, two gelatin sticks and five detonators were seized," said Dhamtari SP Manish Sharma.
The officer said the money belonged to Maoists and the duo got it exchanged for valid currencies.
The cash included bills of Rs 2000, Rs 500, Rs 100 and Rs 50.
Further investigation is on, he added.