Police arrested Sudheer Raibhan (38), Yusuf Sheikh, Abdul Jabbar and Qayyum Qureshi from near Deonar bus stand yesterday and recovered Rs 84 lakh of looted jewellery from them, Joint Commissioner of Police (Crime) Atulchandra Kulkarni said.
The incident occurred on January 27 when a staffer of a diamond jewellery store was robbed off his bag containing cash and valuables while travelling on bus route number 517 bus, between Deonar and Chirag Nagar, he said.
Kulkarni said the gang usually used to operate on the route and target people between 9:30 AM and 12 noon.
"The gang is suspected to be involved in offences like robbery, extortion and murder," the officer said.
A crime branch team (unit VI) was formed in the wake of the incident to trace the accused.
All the accused were booked under relevant sections of IPC, he said.
