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The deceased has been identified as Ganesh Khosla.
According to reports, the incident took place at around 2 am when the Red rebels fired three rounds of bullets at Khosla thereby killing him on the spot.
A Maoist letter was found besides the body under the banner of Koraput-Srikakulam division committee. It stated that Khosla was a police informer and therefore they killed him.
Following the incident, family members of Khosla have registered a complaint with Bandhugaon police.
Police have started investigating the case but the reason behind the murder is yet to be ascertained.