Armed Crime Task Force investigators have arrested two men in relation to an armed robbery in 2003.

The armed robbery is alleged to have taken place at a travel agency in Camberwell on 25 March that year, with cash and travellers cheques stolen from staff members at gunpoint.

It is also alleged the stolen travellers cheques were fraudulently used both in Australia and overseas.

A 49-year-old Castlemaine man and a 45-year-old Corio man are due to appear before Melbourne Magistrates Court this morning charged with armed robbery, aggravated burglary and false imprisonment.

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