A 24-year-old businessman was stabbed to death at Tadbun crossroads in Kalapathar on Friday night, the police said on Saturday.

Shaik Mohammed Ali, a resident of Khaja Pahadi, was attacked late on Friday near the Tadbun junction by unidentified persons who inflicted multiple injuries on him and fled.

Ali, who was in the business of selling water pump sets, also involved himself in real estate deals. Police suspect that a dispute in one such land transaction led to his murder. Reports that a certain Nasar, with whom Ali had developed differences following a land transaction, are being verified.