Two arrested for holding manager of private firm to ransom for Rs 5L

Police have arrested two persons for allegedly kidnapping the manager of a private company in a bid to extort Rs 5 lakh.

As per a statement issued by Rajendra Sahane, senior inspector of Alankar police station, the accused Ishan Kadam (31) of Warje and Saurabh Gore (30) of Undri worked as “agents” in insurance business.

They allegedly kidnapped Rakesh Patil, manager of a private finance company, on June 8 and took him to a hotel in Kothrud area, following a financial dispute with him over sharing commission.

Police said the accused allegedly thrashed Patil with a stick and demanded Rs 5 lakh from his family for his release.

They allegedly also threatened to kill Patil if money was not paid. When they got to know that police were searching for them, they released Patil in Karve Nagar on Friday (June 9) morning and fled.

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On Saturday, an FIR was lodged against them under relevant sections of IPC.