Two people have been arrested for allegedly murdering a 78-year-old woman in her bungalow in Worli and fleeing with valuables worth Rs 5 lakh, Mumbai police said on Monday.

The body of Vishni Dolwani was founded bound and gagged on Friday night by her husband and a probe team zeroed in on Amarjeet Nishad (22), her newly recruited house help, and his accomplice Abhijeet Joriya (22), said an official.