Sudhir Mohanta (65), a resident of the area was reported missing since September 25, Baripada Sub-Divisional Police Officer Abhimanyu Nayak said.
During interrogation, S K Raju (30), a garage owner of Raghunathpur area, admitted that Mohanta was an acquaintance, and he along with accomplice Ajay Patra (32) had kidnapped and killed the lecturer, the police official said.
The motive of the crime was loot, Nayak said, adding, Raju and Patra have been arrested.
The body of Mohanta was buried close to his residence, which police recovered, he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content