At around 11am on Monday, a person phoned Jitendra Ranka's residence and asked his wife to send their son Aditya to a shop nearby to collect a set of keys Ranka had left behind.
Aditya's 28-year-old cousin Himanshu Ranka met him near the shop, and under the pretext of going for a drive, kidnapped him and handed him over to his friend Brijesh Sanghvi.
Soon after, Ranka received a call demanding Rs. 30 lakh ransom, which he did not take seriously, but when Aditya did not return till evening, he filed a complaint with the VP Road police station.
When Himanshu, who had returned home, informed Sanghvi of police's involvement, the latter panicked and killed Aditya by slitting his wrist. Other similar cases
He then burnt the body and dumped the remains near the expressway.
The duo used to indulge in cricket betting and had incurred heavy losses, the police said.
Police have arrested Himanshu's friend Brijesh Sanghvi, who owned the car and killed Aditya by slitting his wrist. Himanshu after handing over Aditya to Sanghvi came back to the house.