The body of Shetty (30) who had gone missing on December 28, was found abandoned in a hilly terrain near the church at Niddodi Daddu village near here on January 1.
Police commissioner Chandra Sekhar told reporters that the arrested were Prasad Acharya (27), from Kodethur, Rajesh Shetty (32), from Niddodi, Tilak Poojary (26), also from Niddodi, and Prakash (28), from of Mudigere, Chikkamagaluru.
They were taken into custody on January 10 near Niddodi.
Shetty was last seen alighting from a bus and travelling by a car.
Prasad Acharya, who had borrowed Rs 30 lakh from Shetty took him by car to a stone quarry on the pretext of showing it to Umesh, murdered him there with the help of other accused and discarded the body in the hilly forest area, the commissioner said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
