The victim, Irshad, had gone out with them yesterday after they arrived at his home, his family said in a police complaint.
After he was allegedly beaten to death, a man associated with the financier brought his body home in a car, police said. However, the people in Irshad's locality did not allow the man to leave and called the police.
A large force was then rushed to the spot and the man associated with the financier was arrested, Ludhiana DCP Dhruman Nimbale said.
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