Perinthalmanna Deputy Superintendent of Police said a team led by him intercepted the duo Harish (38) and Sarfuddin (40) from Vengara in the district when they were alighting from a private bus.
During the check, the team found the Indian currency in their shoulder bags. They did not have relevant papers for accounting for the money, he said.
They were arrested under sections 41 (committing cognizable offence) and 102 of CrPC (power of police to seize certain properties), police said.
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