"Rajamallu Mallayya Alluwalla (47), who owns two powerloom units and has partnerships in other units, was allegedly abducted by four persons on August 27 and is not traceable since then," said inspector C R Chavan of Bhiwandi City police station.
He said that Alluwalla's family members has given names of four suspects saying they have killed the businessman in a bid to grab his property and dumped his body in a dam at Khadavali near Titwala township.
Chavan said a team of police personnel and firmen is dispatched to Titwala to trace the body.
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