Thane police busted an international wildlife smuggling syndicate on October 29.
Officers seized over 500 milligrams of cobra venom valued at Rs 5.2 crore.
Police laid a trap near a petrol pump in Kashigaon following a tip-off.
The Crime Detection Unit apprehended Mohammed Danish Fayim Khan and Abdul Karim Rashid Ahmed Shaikh.
Investigating officers recovered two glass vials containing the confiscated cobra venom from the duo.
Authorities also detained a third suspect, Faizan Abdul Aziz, at the scene.
Police impounded a motorcycle and three mobile phones during the initial operation.
Assistant Commissioner Ganpat Pingle confirmed the arrests to reporters on Thursday.
Subsequent technical follow-ups led investigators to two key suppliers operating from Mankhurd, Mumbai.
Police quickly arrested Faruk Ali Abdul Ali and Noor Mohammed Wali Mohammed Shaikh.
The Kashigaon police station registered a case under the Wildlife Protection Act.
Investigators continue probing the syndicate to uncover further connections across the region.
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