The persons were arrested from several places of the district during raids conducted yesterday by the police led by Sub-Divisional Police Officer (SDPO), Gupteswar Bhoi, they said.
Those arrested were identified as Ashim Guha of West Bengal, Sunil Das, Kartikeswar Sethy, Jitu Munda and Kalia alias Jitendra Patra. Two pistols, a truck and a car were seized from them, police said.
Some other members of the gang are believed to be on the run and efforts are on to nab them.
It was found during investigation that the gang members were involved in another truck loot that took place near Gopalpur on January 6, police said adding parts of the stolen truck had been sold in West Bengal.
The gang was involved in several loot cases under Sadar, Ghasipura, Kanjipani, Ghatagaon and Town police station jurisdiction, SDPO said.