Police said 24-year-old Satish alias Aryan alias Poly and Sourabh (20) were arrested on April 1 on a tip-off.
Vijay Kumar, Deputy Commissioner of Police (west), said five motorcycles stolen from various places have been recovered from the accused.
A team was formed based on a complaint registered on April 1, the officer said.
"They wanted to lead a lavish lifestyle but their family members were not providing them money adequate for that," said Kumar.
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