01/16/2012 07:35 EST | Updated 03/17/2012 05:12 EDT

Vulcan senior found dead, two charged in death

A senior citizen from Vulcan, Alta., was befriended and killed for financial gain, RCMP say.

Otto (Bunty) Loose, 77, was targeted by a 35-year-old male, an RCMP spokesman alleged Monday.

Loose was last seen Sunday, Jan. 8, at a Petro-Canada gas station in Vulcan. The town is located roughly 127 kilometres southeast of Calgary.

The man is expected to be charged with first-degree murder, committing an indignity to human remains, kidnapping and forcible confinement.

The man's 28-year-old common-law wife is expected to be charged with being an accessory to murder and obstruction of justice.

The couple was arrested just before noon Monday, RCMP said.

The man, who has a lengthy criminal record, befriended Loose about 18 months ago, according to RCMP.

District Cmdr. Randy McGinnis said police were able to track the suspects by following Loose's banking records.

"I think you can tell from two of the charges, which is forcible confinement and kidnapping, that I believe Mr. Loose was under duress for an unknown period of time for the simple reason is that he signed a cheque made out to the suspect — and that cheque was cashed."

McGinnis said police also have video evidence of the man trying to use Loose's bank cards at ATM machines.

Police believe the senior was kidnapped from his home in Vulcan and killed elsewhere.

Loose's remains were found Saturday in a rural wooded area near Claresholm, a community southwest of Vulcan.

His car was found in Calgary.