The police are currently busy searching frantically for the missing Perth millionaire Craig Puddy, in addition to his ex-business partner, Cameron Mansell, after the four-wheel drive which was owned by Mr. Mansell was found burnt-out in the north of the city.

Fears of a foul play have now been trigged by blood which was found at Mr. Puddy's luxury residence and a missing wheelie bin. The police have shared that they now fear the well being of Mr. Mansell.

On Thursday, Mr. Mansell's burnt-out Jeep Cherokee was discovered at Banksia Groves in Perth's north.

The 38 year old business man was responsible for the management of the Basement on Broadway pub, located in Perth's western region, an establishment which is owned in part by Mr. Puddy.

45 year old Mr. Puddy was last seen on Monday, which is the very day that he had resigned as a Director of an industrial machinery firm. On Thursday, the police thoroughly searched his 5 bedroom, two-storey plush resident in the affluent suburb of Mount Pleasant with hopes of finding further clues about his possible whereabouts.

Water Police divers were also called in for help to search the Canning River which is some 100 meters downhill from his residence.

"What we know from inside the house, something bad has happened there that raises our concern", shared Det. Sen Sgt McDonald.