Body of missing bank executive found; one arrested, 4 detained

The body of a 39-year-old bank executive, who went missing five days ago, was found and a person has been arrested in connection with the death, which appears to be a fallout of professional rivalry, police said Monday.

A 20-year-old cab driver, Sarfaraz Shaikh alias Rais, a resident of Koparkhairane in Navi Mumbai, was allegedly hired to kill Siddharth Sanghavi, a vice-president with a top private bank who went missing on September 5 evening, they said.

Shaikh has been arrested, while four other people, including a woman, have been detained in connection with the case, the police added.

The accused driver was initially detained by the Navi Mumbai Crime Branch and handed over to the Mumbai Police, which placed him under arrest, Deputy Commissioner of Police (Crime) Tushar Doshi said.

"We found his role in hatching the conspiracy, murder and destroying Sanghavi's body," he said.The car used in the crime was found parked near Shaikh's residence, he said.

Shaikh allegedly killed Sanghavi on Wednesday, the day he went missing, and dumped his body near the Haji Malang shrine at Kalyan in neighbouring Thane district, another official said.

According to initial investigation, the bank executive, who was promoted recently, was killed over professional rivalry, the official said.

His body was recovered Sunday, he said.

During investigation, Shaikh, who also works as a fabricator, claimed he was hired by four people, including a woman, to kill Sanghavi, the official said. Read Complete Article