The detained persons have been identified as residents of Balanga area in Puri district.
As per reports, police tried to intercept a speeding Pulsar motorcycle bearing Regd No OR 13 G 6672 at Pipili tollgate at around 2 pm during a routine checking.
However, the bikers did not stop at Pipili tollgate and sped up the bike. Subsequently, the police chased them and overpowered near Tarakaj Square on the national highway.
During the search, police recovered Rs 50 lakh from their possession.
Police immediately seized the cash and the bike. They also took the duo to their custody.
The exact sources of the cash and where they were being taken are yet to be ascertained, a police official said.
The polling for the Pipili by-election is scheduled to be held on April 17 and votes will be counted on May 2.