Atul and Rajesh Gupta are accused in South Africa of profiting from their close links with former president Jacob Zuma and exerting unfair influence.
Extradition talks are taking place between the two countries.
The brothers fled South Africa after a judicial commission began probing their involvement in corruption in 2018.
They are accused of paying financial bribes in order to win lucrative state contracts and influence powerful government appointments.
They deny any wrongdoing.
The force said it acted after receiving an Interpol “red notice” – a request to law enforcement organisations to provisionally arrest a wanted person pending extradition.
A third brother, Ajay, is also wanted by the South African authorities, but it is not clear why he was not arrested.
The Gupta family moved from India to South Africa in 1993. They also face accusations of money laundering in India, where tax officials raided properties belonging to them in 2018 in multiple cities, including their company office in capital Delhi.
The Gupta family is accused of using their close links with Mr Zuma to wield enormous political power across all levels of South African government – winning business contracts, influencing high-profile government appointments and misappropriating state funds.
After the brothers fled the country, South Africa negotiated an extradition treaty with the UAE in 2021.
President Cyril Ramaphosa’s government has said it hoped the agreement would lead to the return of the Guptas to face charges, but it was not immediately clear following the arrests whether the brothers would return to South Africa.
The Gupta family became so closely linked with Mr Zuma that a joint term was even coined for them – “the Zuptas”.
One of Mr Zuma’s wives, as well as a son and daughter, worked in senior roles for Gupta-controlled companies.
It is alleged that compliance was rewarded with money and promotion, while disobedience was punished with dismissal.
The list of public bodies accused of having been “captured” is extensive – the ministries of finance, natural resources and public enterprises, as well as agencies responsible for tax collection and communications, the national broadcaster SABC, the national carrier, South African Airways, the state-owned rail-freight operator and the energy giant Eskom – one of the largest utility companies on the planet.
A four-year investigation later published by the country’s top judge concluded that the brothers had become deeply embedded in the highest levels of government and Mr Zuma’s ruling African National Congress (ANC) party.
Reports published this year by investigators accused the brothers of being linked to racketeering activity through the procurement of rail, ports and pipeline infrastructure.
Its authors also concluded that Mr Zuma “would do anything that the Guptas wanted him to do for them”.
Last year, Mr Zuma was imprisoned for 15 months for refusing to testify before the same investigators. He was released on parole after serving two months of his sentence in jail.
Who are the Gupta brothers?
Ajay, Atul and Rajesh Gupta moved to South Africa from the Indian state of Uttar Pradesh in 1993, just as white-minority rule was ending.
It is said that when Atul arrived to set up the family business, Sahara Computers, he was amazed by the lack of red tape.
They grew the company to employ more than 10,000 people in South Africa, also developing financial interests in the mining, air travel, energy, technology and media sectors.
Atul Gupta said he met Mr Zuma before he became president “when he was a guest in one of Sahara’s annual functions”.
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