Thursday, July 10, 2008

Vietnam reportedly arrests five over businessman kidnapping

[This is the print version of story]

Updated July 9, 2008 22:16:27

Vietnamese local media is reporting the arrest of five men who allegedly took a Vietnamese-Australian businessman hostage last month.

Our South East Asia correspondent, Karen Percy, says the five men were reportedly arrested in Ho Chi Minh city on Tuesday.

They are alleged to have kidnapped the Vietnamese-Australian man, Tran Ngoc, on June 22.

They reportedly held him at a hotel in a district on the outskirts of the southern city for just a few days.

They are believed to have initially demanded a ransom of more than $US40,000.

But Mr Tran's family is said to have paid about a third of the amount in cash and gold to have him released.

Local news agencies say the kidnappers were hired on behalf of a local business woman to settle an outstanding debt.