Mumbai: Body of HDFC VP Siddharth Sanghvi found, police arrest cab driver

The body of Siddharth Sanghvi, a HDFC bank vice-president who went missing in Mumbai last week, has been found.

The police have arrested Sarfaraz Shaikh, a cab driver. He's allegedly confessed that he killed the bank executive, who was 39.

Shaikh has been booked under Indian Penal Code sections 364 (kidnapping or abduction with intent to confine), 365 (kidnapping or abduction with intent to murder) and 302 (murder).

Shaikh was earlier detained; he claimed he carried out the crime at the behest of Sanghvi's colleague.

A few of Sanghvi's coworkers were detained.

Senior police officials said several HDFC bank employees were being investigated.

Sanghvi went missing on September 5 after leaving his Kamala Mills, Lower Parel office. CCTV footage from the Kamala Mills compound showed Sanghvi's blue Maruti Ignis car leaving the parking lot at around 7:50pm.

However, by 8:30pm, Sanghvi went missing as his family, which tried to contact him, could not get through to his cellphone. The family then contacted Sanghvi's colleagues and later at night approached the Mumbai Police to file a missing person complaint.

The next day, Sanghvi's phone was switched on and police were able to trace the signal to Navi Mumbai's Kopar Khairane. There, police found Sanghvi's car, which had blood stains near the rear seat.