Siddharth Sanghvi has been missing since Wednesday | Photo Credit: Representative Image

Mumbai: In the latest development on the missing HDFC VP case, the dead body of Siddharth Sanghvi was recovered by the police on Monday. The HDFC Vice President had gone missing since Wednesday after he left his office situated in Kamala Mills. Stains of blood were discovered on the back seat of his car.

City police today made a breakthrough in the disappearance of HDFC bank Vice President Siddharth Sanghvi who was missing since Wednesday. Sanghvi was last seen walking out of his office in Lower Parel's Kamala Mills compound. Strangely, he was caught on CCTV walking towards the parking lot in Kamala Mills where his car was parked.

It is being suspected that Sanghvi may have been murdered in the same parking lot. Mumbai police today arrested a 20-year-old man in connection with Sanghvi's disappearance. It is being reported that the accused has confessed to murdering the banker.

Latest Update | Missing HDFC Vice President: Siddharth Sanghvi’s dead body found, cab driver arrested

Sources said that not only has the accused taken onus for the murder but has also told police how he dumped Sanghvi’s body before leaving his car in Navi Mumbai. The accused has been identified as a labourer who was hired to murder the banker. Sources within the police department tell Mirror Now that the 20-year-old is one of the four people detained in connection with the case. They further said that a colleague of Sanghvi, jealous of the deceased's recent promotion, hired the contract killer.

However, there is still no information about the whereabouts of Sanghvi's body. Family members of the missing banker along with senior police officials were seen going to the NM Joshi Marg police station where a missing person complaint was registered by Sanghvi’s wife on Wednesday. Kin of the deceased could not identify the accused who is currently being interrogated.

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The matter had come to light after Sanghvi's wife reported him as 'missing' on Wednesday night. She had told police officials that Sanghvi left his office around 8.30 pm as confirmed by CCTV cameras in his office compound. However, no one had heard from him since.

On Saturday, Navi Mumbai police found Sanghvi's car, a Maruti Suzuki Ignis near a residential building in Koparkhairane. Upon inspection, police officers found traces of blood in the rear seat of the banker's car. They also recovered a knife from the vehicle, said officials with the Airoli police.

A resident of Malabar Hills in South Mumbai, Sanghvi lived with his wife and four-year-old son and worked as a Vice President with private banking firm, HDFC.

(With reporter inputs)

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