Fazlur Rahman (30) and Unnimoyi (52), natives of Kozhikode district, were found carrying Rs 50 lakhs in their baggage during a vehicle search at Valluvampuram between Kozhikode and Manjeri on NH 213 last night, they said.
The accused were travelling in a private bus from Kozhikode to Manjeri, police said, adding, the seizure was effected following a tip-off.
They were arrested as they could not account for the money, police said.
Jamsheer (22), native of Pattrakulam near Manjeri, was arrested and later released on bail, they added.
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