A builder based in Navi Mumbai was on Wednesday arrested for the murder of builder SK Lahoria on February 16, Mumbai Police said.
Sumit Bachewar was arrested for the murder as he was named in the first information report (FIR). He was sent to police custody for four days by a court, the official said.
Loharia, 52, was a director with SK Brothers, a realty company engaged in constructing residential and commercial complexes in Navi Mumbai.
After the murder, Loharia's family claimed that Navi Mumbai police were incapable of handling the case and the investigation be transferred to Mumbai Police.
While one of the accused, Venkatesh Shettiar was arrested soon after Loharia's murder, a former police officer Emmanuel Samuel Amolik and another accused, Wajid Qureshi, were nabbed the next day and remanded in police custody till Friday.