Eight teams were formed to probe the case, and on August 23, Jain’s body was recovered from Gagod Budruk village in Pen tehsil, the official said. The body had bullet wounds.

Khanjada's body was found on Thursday in the Karnala Bird sanctuary. CCTV footage gave the police some clues, and Vitthal Baban Nakade, 43, Jaysingh alias Raja Madhu Mudaliar, 38, Anand alias Andry Rajan Cruz, 39, Virendra alias Gorya Bharat Kadam, 24, and Ankush alias Ankya Prakash Sitapure, 35. were arrested on August 26, said the official.

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Nakade had a financial dispute with Sumit Jain and Amir Khanjada over a land purchase which led to the crime, the additional commissioner said, adding that two cars, a motorbike, a knife and a revolver were seized from the accused's possession.

A court remanded all five in police custody till August 31. The accused have previous criminal cases registered against them.

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