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The arrest followed a lookout notice issued by Irinjalakuda police on the directions of Thrissur Rural District Police Chief B Krishnakumar, IPS.
The accused were produced before the court and remanded.
Police pieced together the sequence of events after questioning Chomanna Naik, the elderly man who lives alone in the house.
Grave charges under the Protection of Children from Sexual Offences (POCSO) Act have been invoked against the priest.
Senior CPO Shaijith, attached to the District Police Headquarters, and CPO Sanith of Elathur Police Station were formally named the 10th and 11th accused in the case.
In a sudden move, Shibin snatched the bag containing the ₹40 lakh and fled the scene on his scooter.
The duo had stolen a motorcycle belonging to Joy, a resident of Mukkadi near Kanthippara.
Three wild tuskers remained near Kannankode village at Noolppuzha near Sulthan Bathery for many hours.
Police said an investigation has been launched to find out how many men the woman had duped in this manner.
The live cable was reportedly connected to an illegally drawn power line.
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