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A trap was laid by the Deogarh Police following a tip-off that some persons were trying to sell 1 kg snake venom for Rs 1.5 crore, the officer said.
A police team rushed to Sindurpank of Sambalpur on Friday to meet the persons posing as customers.
When the persons identified as Kailash Chandra Sahu, and Ranjan Kumar Padhi, approached the team with 1 kg of snake venom in a glass container and demanded the amount, they were nabbed by the law enforcers.
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A case has been registered against the accused.