This Article is From Jul 17, 2016

Businessman Allegedly Abducted, Let Off After Saying He Is Deep In Debt

Businessman Allegedly Abducted, Let Off After Saying He Is Deep In Debt

Kidnappers sought details of his property and demanded that he pay Rs 6 crore as ransom, police said.

Coimbatore: A 46-year-old businessman, allegedly abducted by some persons in Tirupur district was let off after he told them that he was deep in debt and could pay them only a small fraction of the ransom amount they demanded.

Six persons, disguised as policemen, allegedly accosted Arumugam as he was returning home last night and took him inside a car on the pretext of an enquiry. They then sought details of his property and demanded that he pay Rs 6 crore as ransom, police said.

However, when the businessman told the accused that he was already in debt of Rs 2 crore and can pay only Rs 5 lakh, they tied him up and dropped him near the Salem-Villupuram border.

Arumugam managed to free himself, reached a tollgate on Saturday morning and contacted a nearby police station, police said said, adding he has lodged a complaint claiming that some persons had earlier threatened to abduct him.
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