The City Crime Branch arrested Shailesh alias Shailu yesterday from an undisclosed place in the city outskirts, police said.
Three persons, Vinith Poojary, Nishith Devadiga and Shivaprasad were earlier arrested in connection with the case.
51-year-old Baliga was hacked to death near his residence on March 21 by unidentified assailants.
The attackers escaped before one of his neighbours could come to his rescue hearing the screams.
A CCTV camera in a nearby office captured the image of two men entering the lane on a two-wheeler, but the visuals were not clear.
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