Booked under several criminal cases, Sushil Dhalasamanta and his elder brother Sushant were arrested by the Commissionerate police on Friday.
After multiple raids at their houses and offices located in the twin cities of Cuttack and Bhubaneswar, the police so far have seized huge cache of arms and ammunition and stacks of currency notes.
While a police team went to Vizag yesterday, more teams would leave for Kolkata, Mumbai and Bengaluru soon as it has already been established that the brothers had business links in these cities.
At least four to five persons, believed to be close associates of the brothers were now being quizzed by different police stations of the city, a senior police official said.
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"We are now verifying the seized bank and other property documents to establish the sources and modus operandi by which the brothers were able to make such a huge fortune," he said confirming no fresh arrests have been made in this connection yet.
He also refused to comment whether any more cash or weapons have been seized during the raids today.
"Our strategy has now changed. Instead of waiting for the crime to happen, we will now identify the criminals first and chase them, so that they are not able to commit any further crime," the DGP told a local TV channel.