The Grand Bazaar police have arrested two persons from Gujarat and seized from them unaccounted cash of ₹16 lakh.
The police identified the accused as Shabbir Qureshi and Afyal Vallimohamad, both residents of Bhavnagar in Gujarat.
Based on a tip off, the police raided a hotel near the Government General Hospital where the duo was staying on Saturday night. The money has been handed over to the Income Tax Department.
Investigations are on to find the source of money and also the purpose of their visit to Puducherry, the police said.