The Principal District and Sessions Court, Belagavi on Wednesday stated that Mangaluru based gangster Bannanje Raja and eight others are guilty in Ankola based businessman RN Nayak murder case and will prounce the term of the quantum on April 4

The court, has acquitted three others in the case who were listed as accused.

Nine year ago, the gang led by Bannanje Raja murdered Nayak and his car driver as the first latter refused to pay him Rs 3 crore as hafta. Nayak was engaged in exporting ironore from Ballari to China and Japan.