The body was found on the banks of Pimpalgaon village yesterday, API D M Thakur of Murbad police station said.

The deceased has not been identified yet and a man hunt has been launched for the accused, he said.

The victim was tied to a stone weighing around 20-25 kg, police said.

The body has been sent for post mortem and a case has been registered under the IPC against the unknown assailants.