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Manila kidnappers demand $500,000 ransom for Kuwaiti businessman
August 27, 2013, 1:25 pm
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Kidnapping comes weeks after several murders of prominent Arabs in neighbouring Malaysia

A prominent Kuwaiti businessman has been kidnapped in the Philippines and is being held for a $500,000 ransom, authorities have confirmed.

Kuwaiti Ambassador to the Philippines Walid Al Kanderi said the embassy was liaising with local authorities but did not reveal details of the kidnapping.

"The embassy is in constant contact with the authorities, and we hope the businessman, kidnapped in Manila, would be found soon and the circumstances of this incident revealed," he told state media agency KUNA.

Last month a well known Bahraini banker was murdered in neighbouring Malaysia.

Seventy-five-year old Hussain Ahmad Najadi, founder of Malaysia’s fifth largest bank, Arab Malaysian Banking Group, was gunned down in the capital Kuala Lumpur on July 29.

He was walking to his car following a business meeting when he and his wife were attacked by gunmen, a senior police official said.

A permanent Malaysia resident, Najadi died on the spot after suffering two gun wounds to the chest, while his wife suffered serious injuries.

Najadi’s murder was the third attack on high profile figures in Malaysia in recent months, following the deaths of a senior customs official and anti-crime activist in similar circumstances.

Two women and a man have reportedly been detained in relation to Najadi’s murder.

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