Superintendent of Police Rakesh Kumar said that the arrested persons have been idenfitied as Baiju Kahaar and Uday Kumar who allegedly looted Rs 8.26 lakh from Daulatpur branch of Axis Bank at Hajipur in Vaishali district on February 24 last.
Rupees 45,000 and a car which was used in the bank loot were seized from Uday Kumar and Baiju Kahaar, the key person in the loot, was arrested on the basis of information gathered from Uday Kumar during interrogation.
Kahaar was later arrested and Rs 1 lakh and five pistols and a country made pistol besides 28 live cartridges were seized from his.
Baiju Kahaar, who has been absconding for the past one decade, is wanted in several criminal cases including murder and bank dacoity cases.