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Kutthar resident Rajesh Pavithran, 32, and KRV member Srilatha are the arrested while a search is on for the other accused in the case.
The gang allegedly recorded a video of the 76-year-old businessman named Shashi in a sexual act with a woman and started blackmailing him with the threat of making the video public.
On September 23, Shashi was asked to come near the Karavali Utsava ground where Srilatha and other members of the gang were waiting for him. Upon Shashi’s arrival, the gang kidnapped him and took him to an isolated spot and demanded a sum of Rs 5 lakh failing which they threatened to upload the video on social media.
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A case had been registered in this regards at Barke police station. The accused were produced before a court which remanded them in judicial custody.