Ramniklal Jogiya’s body was found in Gaulby Lane, Stoughton, near Oadby, last week after he failed to return home from his jewellery shop Vama in Belgrave Road the evening before.
Thomas Jervis, 23, of Enderby Road, Whetstone, 20-year-old Charles Frances Mcauley, of Gooding Avenue, Leicester, and Callan Reeve, 19, of Aylmer Road, Leicester, have been charged with the kidnap and robbery of Mr Jogiya.
They are all due to appear before Leicester Magistrates Court this morning.
Two other men, aged 18 and 22, who were arrested on suspicion of kidnap and murder, are in police custody.
Leicestershire Police are appealing for anyone with information to come forward.