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MBA students kidnap boy to recoup stock market losses

November 24, 2008 15:40 IST

Six persons, including two MBA students, were arrested in Delhi [Images] for allegedly kidnapping a teenaged boy and demanding a ransom of Rs 80 lakh for meeting the losses they incurred in the share market.
The 15-year-old boy, a student of Gyan Bharti school, was kidnapped last week from Saket in south Delhi while he was going to school and was rescued on Sunday, a senior police official said.
24-year-old Rohit Chopra and Piyush Jain, the MBA students, and 21-year-oldBharat Jham, the victim's cousin, allegedly hired three criminals and kidnapped the boy, the official said.
Chopra and Jain had incurred huge losses in the share market and they conspired with Jham, who has some issues with
the victim's family, to kidnap the boy and make up for their losses with the ransom, the official said.
After kidnapping the boy, they allegedly rang up the family and demanded a ransom of Rs 80 lakh.
Later, the family got in touch with police, who rescued the boy from the clutches of the kidnappers, the official said.
The three, who were hired for the kidnapping, identified as 24-year-old Dileep Rathore,27-year-old Praveen Kashyap and 30-year-old Ramesh, were also arrested.

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