Sleuths of Anti-Extortion Cell (AEC) apprehended Sagar Indulkar (25) and Ankush Tayade (21) from S.V.Raod in Jogeshwari (west), and Sagar Chavan (24) from Mira Road last night.
Police recovered a pistol, five bullets, a knife, a motorcycle and mobile phones from Indulkar and Tayade.
According to an AEC official, the trio had allegedly hatched a plan to bump off the businessman on the instructions of a gangster, also belonging to Lakdawala gang, who is currently lodged in Arthur Road prison here.
Lakdawala is one of the most wanted gangsters from Mumbai.
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