A 70-year-old Delhi based financier was strangulated by three youths and his body was found in a car trunk in Shamli district, police said today.

The body of Ratan Chandra Papneja was recovered from a car during a regular patrolling at Shamli-Muzaffarnagar highway yesterday, they said.

Three persons, identified as Promod, Rohit and Gaurav, were arrested by Babri police in this connection. The perpetrators said to have confessed about the crime.