An Indian-origin diamond businessman abducted in Mali has been released after a ransom payment of 4 million euros, according to a Surat-based source familiar with the matter. The unidentified businessman was kidnapped earlier this month, sparking intense negotiations between his family and the captors.
The source claimed that the abductors initially demanded approximately Rs 100 crore, but the victim’s family, who reside in the United States, successfully negotiated the amount down to 4 million euros before securing his release. The payment was made, and the businessman is now safe, though details of his condition have not been disclosed.
Ransom Negotiations and Release
The family worked with intermediaries to reduce the ransom demand, the source added. The negotiations reportedly took several days, with the captors eventually agreeing to the lower sum. The Indian embassy in Mali has not officially commented on the incident, but security officials are said to be monitoring the situation.
Context of Kidnappings in Mali
Mali has experienced a rise in kidnappings for ransom in recent years, particularly targeting foreign nationals and wealthy individuals. The West African nation has been plagued by political instability and armed group activity, making it a high-risk area for business travelers. The Indian-origin diamond trader was in Mali for business purposes when he was abducted.
Similar incidents have occurred in the region, with victims often released after ransom payments. The Indian government has previously issued travel advisories for Mali, warning citizens to exercise caution. The release of the businessman brings relief to his family and the Indian expatriate community, but highlights ongoing security challenges in the country.
According to the Surat-based source, the family is grateful for the outcome and prefers to keep further details private to ensure the businessman's safety. No arrests have been reported in connection with the kidnapping.
