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The Amruthahalli police arrested three people involved in the murder of the chief executive officer (CEO) and the managing director (MD) of internet broadband service provider Aeronics Media Pvt Ltd at Pampa Extension near Amruthahalli, a residential area in Bengaluru, on Tuesday evening.
The three men have been identified as main accused Shabarish alias Felix (27), Vinay Reddy (23), and Santosh alias Santhu (26).
The police are also on the lookout for a fourth person, Arun Kumar, who they suspect allegedly instigated the trio to commit the crime.
The accused had barged into the Aeronics office and hacked to death the company’s CEO Vinu Kumar (40) and MD Phanindra Subramanya (36).
Armed with daggers, they stormed into the office and attacked Subramanya in the presence of employees. As Kumar rushed to his rescue, he too was assaulted with the sharp weapons, according to the police.
After the assailants fled the spot, the employees rushed the injured to the hospital where the victims succumbed to their injuries.
The motive behind the murder is yet to be ascertained but the police suspect that business rivalry to be the reason for the brutal crime.
Felix was a former employee of the firm who had started his own venture after resigning recently. He had quit to form his own company, which is said to be a rival business.
The rival company was suffering losses due to Aeronics Media, which may have allegedly forced Arun Kumar to eliminate Kumar and Subramanya, a senior police official told PTI.
The police said more details will follow after a thorough investigation.