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Early in the investigation, officers had suspected that the thief had close ties to the household.
The accused, Arun (33), was the priest at the Muthumari Amman temple.
The suspects are Shanta, the cook employed at the residence for the past five years, and her relative, Prakashan.
The ATMs were located in Mapranam, Kolery and Shornur road near Swaraj Round.
The key accused was arrested from the Gulf Bazaar in Kozhikode.
The school lost six mobile phones, including two iPhones, seized from students during Onam festivities, along with nine laptops and a DSLR camera.
However, police began probing the murder angle after the postmortem report indicated that the death was caused by strangulation.
On September 5, a special squad from Kannur travelled 2,564 kilometres to Bihar to apprehend Kumar.
Police said a gang of three men from Ramji Nagar was involved in the one-of-its-kind theft.
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