They were presented before the media along with the recovered assets in the office of the District Superintendent of Police last evening.
The arrested were identified as Ahmad Kabeer (23), resident of Chatanchal in and Sajuddin (30) resident of Mangad both from Kasaragod district of Kerala.
Puttur police intercepted them while they were travelling on a motorcycle near a check post.
Superintendent of Police Sharanappa said the two were involved in nine theft cases in Kadri, Mangalore, Kasargod, Bekal and Badiadka and were booked under various criminal cases at different police stations in the region.The motorcycle and gold ornaments worth Rs 8.5 lakh were seized.