According to Commissioner Ravindra Kumar Singhal, the trio identified as Ganesh Bhamare, Shubham Bagul and Nazim Sattar Shaikh were arrested yesterday after policemen laid a trap in Patil Nagar locality.
Also, Rs 19.47 lakh cash along with mobiles and weapons were recovered from their possession, police said in a release here.
The three accused had allegedly looted some people when they were returning to Indore with Rs 10 lakh cash after supplying gold to some Nashik-based blacksmiths.
The accused looted the gold suppliers and fled from the spot at Sonagir near Dhule after giving them a lift in their SUV till Indore, police added.