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The accused have been identified as P K Srijith, Dhanush Poojary, Kishan Poojary and Sandesh Kotian.
The accused have revealed that after killing Basheer, they disposed the swords into the Nethravati River, near the bridge.
Expert divers hired by the police are searching the depths of the Netravathi near by the bridge on NH 66.
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The accused accompanied the police to the spot where they had thrown away the weapons. The hunt for the weapons is being led by ACP Valentine D’Souza.