Police arrested two people and seized 20 gold bars from Sitakunda in Chattogram district on Wednesday.
The arrestees were identified as Basu Pal, 35, son of Sunil Pal of Anwara upazila, and Ratan Pal, 60, son of Shashank Pal of Bashkhali upazila.
Tofayel Ahmed, officer-in-charge of Sitakunda Police Station, said suspecting the movement of two people, police challenged them in front of Shyamoli Paribahan bus counter in the morning.
Later, police recovered 20 gold bars, weighing 2332.11 grams, from their shoes.
After interrogation, police came to know that they were waiting for a bus to go to Dhaka to sell the gold bars.
The market value of the seized gold bars is Tk 1.70 crore.
A case was filed with Sitakunda Police Station.