The arrested accused have been identified as Dinesh Singh (21) and Yatin Kumar (19).
Singh, after having a Diploma in computer hardwares, was working as Computer Operator on contract basis in the Income Tax Office at ITO while Kumar is a class 12th student, police said.
They said secret information on the gang of snatchers was received yesterday following which a team was formed and a trap laid down near Chand Cinema, Kalyanpuri.
The official said they used to put a paper and polythene on the back number plate of the motorcycle at the time of committing offence.
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According to police, Dinesh, who has technical knowledge about mobile phones, used to format the password-protected smartphones so that it could be sold easily.
They sold several other phones to different persons on cheaper rates on the pretext of emergency requirement of money without telling them the truth.
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