Two persons were arrested with Rs 1.06 crore hawala money from a train at Kozhikode on Friday.
Rajasthan-native Jeetaram and Maharashtra-native Sagar Dhondu were nabbed from the Dadar-Tirunelveli SF Express.
The accused informed the Railway Protection Force (RPF) that the currencies were to be handed over to a native of Kozhikode.
They had collected it from Mumbai. The Rs 2,000 currency notes were hidden inside a bag.