India, May 29 -- A week after three security guards allegedly fled with gold bangles worth Rs.1.28 crore from a jewellery manufacturing unit in Kandivali, the Charkop police arrested two of the accused from Jammu and Kashmir on Tuesday and recovered part of the stolen gold worth around Rs.65 lakh.

The accused, identified as Mohammed Shafir Mohammed Rashid Chaudhary and Wakar Ahmed Nazir Hussain alias Bittu, were arrested by the Charkop police from Poonch district in Jammu and Kashmir. Gold bangles weighing 433 grams were recovered from their possession, which had allegedly been buried by the accused near the India-Pakistan border. Their alleged accomplice, Shahbaz Gujjar, remains on the run.

The case was registered on May 21 after compl...