Hiren Mansukh, owner of the vehicle with explosives which had been found parked near industrialist Mukesh Ambani's residence last week, was found dead in a creek in neighboring Thane on Friday, police said.
In another twist in the case, Maharashtra Home Minister Anil Deshmukh said the deceased was not the real owner of the vehicle.
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Mansukh, around 45 years old, went missing on Thursday night as per his family. The body was found on the banks of the creek along the Mumbra Reti Bunder road, a senior official of Thane Police said.
Mansukh's Scorpio with gelatin sticks inside was found near `Antilia', Ambani's multi-storey residence in South Mumbai, on February 25. Police had said it had been stolen from Airoli-Mulund Bridge on February 18.
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Crime Branch of Mumbai police had recorded Mansukh's statement in the case. Mansukh, who was in vehicle spare parts business, had said he had lodged a police complaint after the SUV was stolen.
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On Friday his family members approached Naupada Police Station in Thane saying he had gone missing.
An accidental death report has been registered and probe is on, the Thane police official said.
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