N Vikas (40) and K M Muralidhara (49) were arrested following a raid at an association club located on the St Marks road yesterday, police said.
A sum of Rs 2,55,370, three mobile phones and a colour TV were seized during the raid, they added.
However, they persons managed to flee the scene.
Vikas and Muralidhara have already been booked for a similar offence in the past, police said.
Published 22 May 2011, 10:28 IST