Machilipatnam: On February 1, NRI industrialist Chigurupati Jayaram was found dead in a parked car on a highway in the Krishna district of Andhra Pradesh. On Tuesday, the Andhra Pradesh Police arrested two men for their alleged involvement in the murder, police said.

The US-based Chigurupati Jayaram, 55, on a business visit to the state, was found dead by a police patrol on the Hyderabad-Vijayawada national highway with a head injury, in his car on the roadside at Itavaram village, about 80km from Machilipatnam.

Speaking to reporters on Tuesday, district superintendent of police Sarvashreshta Tripathy said the police arrested Rakesh Reddy, an acquaintance of Jayaram's niece, and his house watchman D Srinivas on the charge of murder.

He said a financial dispute was the primary motive for the murder of Jayaram, who was the director of private Coastal Bank and also owned a pharmaceutical company in Andhra Pradesh.

The police in Hyderabad said during investigation, names of an ACP, and an inspector rank police official in the city had "cropped up".

They were accused of being in conversation with the prime suspect Reddy. Rachakonda police commissioner Mahesh M Bhagwat issued orders to post ACP Malla Reddy to armed reserve headquarters at Amberpet.

"After getting a detailed report from the Andhra Pradesh Police, further inquiry will be initiated," the commissioner said.