ZAMBOANGA CITY: Gunmen holding captive a son of a businessman demanded P50m ($112,802) ransom in exchange for the safe release of the victim abducted in Siocon, Zamboanga del Norte, an official said.
The ransom demand was reportedly relayed by the kidnappers to the family of kidnap victim Michael Co late last week during a brief contact, according to a security source.
The source, who is working closely with the kidnapping case but is not authorized to make a public statement, said the kidnappers contacted the father to make their hefty ransom demand.
The source said the victim’s family could not also raise such huge amount of money. The authority appealed the family not to heed to the payment of any ransom.
Co, 27, single, businessman and son of the owner of the gas station, was forcibly taken last April 1 in the afternoon by six gunmen inside their office at Barangay Poblacion.
The Philippine star
