The incident was reported from Kangazha village near here.
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The victim has been identified as Manesh Thampan, a native of Mundathanam.
Two persons surrendered before the police in this connection, they said.
The incident came to light when people noticed an abandoned foot of a person at a junction in Kangazha.
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Police said the deceased was an accused in several cases including an attempt to murder case and the cause of the killing is suspected to be the rivalry between two gangs.